Q3 Earnings Estimate for CVE:AEP Issued By Ventum Cap Mkts

Atlas Engineered Products Ltd. (CVE:AEP) – Research analysts at Ventum Cap Mkts cut their Q3 2024 earnings estimates for shares of Atlas Engineered Products in a note issued to investors on Tuesday, November 19th. Ventum Cap Mkts analyst A. Semple now expects that the company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.02. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Other research analysts have also issued research reports about the stock. Cormark cut their price target on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th. Raymond James set a C$2.25 price objective on Atlas Engineered Products and gave the company a “strong-buy” rating in a research report on Thursday, September 12th.

Atlas Engineered Products Stock Up 0.9 %

Shares of CVE AEP opened at C$1.11 on Thursday. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The company has a market cap of C$65.62 million, a P/E ratio of 15.71 and a beta of 1.13. Atlas Engineered Products has a 1 year low of C$0.93 and a 1 year high of C$1.70. The firm has a 50-day simple moving average of C$1.30 and a two-hundred day simple moving average of C$1.35.

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.