Q2 2024 EPS Estimates for Atlas Engineered Products Ltd. (CVE:AEP) Lowered by Cormark

Atlas Engineered Products Ltd. (CVE:AEP) – Analysts at Cormark reduced their Q2 2024 earnings estimates for Atlas Engineered Products in a research note issued to investors on Thursday, June 27th. Cormark analyst D. Ocampo now expects that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.15 per share. Cormark also issued estimates for Atlas Engineered Products’ FY2024 earnings at $0.04 EPS, Q2 2025 earnings at $0.03 EPS, FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.19 EPS.

Atlas Engineered Products (CVE:AEP) last posted its quarterly earnings data on Wednesday, May 29th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.01). Atlas Engineered Products had a net margin of 6.37% and a return on equity of 9.95%. The company had revenue of C$9.12 million for the quarter, compared to analysts’ expectations of C$9.20 million.

Several other equities analysts have also recently issued reports on AEP. Ventum Cap Mkts upgraded Atlas Engineered Products to a “strong-buy” rating in a research report on Thursday, June 27th. Clarus Securities upgraded Atlas Engineered Products to a “strong-buy” rating in a research note on Monday, June 3rd.

Atlas Engineered Products Stock Performance

CVE:AEP opened at C$1.42 on Monday. Atlas Engineered Products has a 1-year low of C$0.93 and a 1-year high of C$1.70. The company has a debt-to-equity ratio of 111.14, a current ratio of 3.89 and a quick ratio of 2.31. The firm’s fifty day moving average price is C$1.44 and its 200 day moving average price is C$1.37. The firm has a market cap of C$83.95 million, a price-to-earnings ratio of 20.29 and a beta of 1.15.

About Atlas Engineered Products

Atlas Engineered Products Ltd. designs, manufactures, and sells engineered roof trusses, floor trusses, wall panels, and windows in Canada. The company offers floor joists and floor panels; and design, engineering, permitting, project management, and site assembly services. It also distributes a range of engineered wood products for builders of residential and commercial wood-framed buildings, including single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures.