What is Raymond James’ Forecast for CVE:AEP FY2024 Earnings?

Atlas Engineered Products Ltd. (CVE:AEP) – Stock analysts at Raymond James cut their FY2024 EPS estimates for Atlas Engineered Products in a report released on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings per share of $0.01 for the year, down from their previous estimate of $0.02. Raymond James has a “Strong-Buy” rating and a $2.10 price objective on the stock. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Raymond James also issued estimates for Atlas Engineered Products’ FY2025 earnings at $0.07 EPS and FY2026 earnings at $0.15 EPS.

Separately, Ventum Financial cut their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th.

Atlas Engineered Products Trading Up 1.6 %

CVE:AEP opened at C$1.24 on Tuesday. Atlas Engineered Products has a one year low of C$0.96 and a one year high of C$1.70. The business has a fifty day moving average price of C$1.22 and a 200-day moving average price of C$1.28. The firm has a market capitalization of C$73.31 million, a price-to-earnings ratio of 17.71 and a beta of 1.13. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31.

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.