Ventum Cap Mkts Has Negative View of CVE:AEP FY2024 Earnings

Atlas Engineered Products Ltd. (CVE:AEPFree Report) – Equities research analysts at Ventum Cap Mkts decreased their FY2024 earnings estimates for Atlas Engineered Products in a research report issued on Tuesday, November 19th. Ventum Cap Mkts analyst A. Semple now anticipates that the company will post earnings of $0.02 per share for the year, down from their prior forecast of $0.03. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Ventum Cap Mkts also issued estimates for Atlas Engineered Products’ FY2025 earnings at $0.07 EPS.

AEP has been the subject of several other research reports. Raymond James set a C$2.25 target price on Atlas Engineered Products and gave the stock a “strong-buy” rating in a research report on Thursday, September 12th. Cormark reduced their price objective on Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th.

Read Our Latest Research Report on AEP

Atlas Engineered Products Stock Performance

Atlas Engineered Products stock opened at C$1.11 on Friday. Atlas Engineered Products has a 52 week low of C$0.93 and a 52 week high of C$1.70. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. The firm has a market capitalization of C$65.62 million, a price-to-earnings ratio of 15.86 and a beta of 1.13. The company has a 50 day moving average price of C$1.30 and a 200 day moving average price of C$1.35.

About Atlas Engineered Products

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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.

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Earnings History and Estimates for Atlas Engineered Products (CVE:AEP)

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