Cormark Issues Optimistic Forecast for CVE:AEP Earnings

Atlas Engineered Products Ltd. (CVE:AEP) – Equities research analysts at Cormark lifted their Q4 2024 earnings estimates for Atlas Engineered Products in a research note issued on Tuesday, November 26th. Cormark analyst D. Ocampo now forecasts that the company will earn $0.00 per share for the quarter, up from their previous forecast of ($0.01). The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

A number of other equities analysts have also weighed in on AEP. Raymond James set a C$2.25 target price on Atlas Engineered Products and gave the stock a “strong-buy” rating in a research note on Thursday, September 12th. Ventum Financial dropped their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday.

Atlas Engineered Products Price Performance

Atlas Engineered Products stock opened at C$1.15 on Wednesday. The company’s 50-day moving average price is C$1.28 and its two-hundred day moving average price is C$1.33. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The stock has a market cap of C$67.99 million, a P/E ratio of 16.43 and a beta of 1.13. Atlas Engineered Products has a twelve month low of C$0.93 and a twelve month high of C$1.70.

About Atlas Engineered Products

Atlas Engineered Products Ltd. engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels 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.