CVE:AEP FY2024 EPS Forecast Lowered by Ventum Cap Mkts

Atlas Engineered Products Ltd. (CVE:AEP) – Stock analysts at Ventum Cap Mkts reduced their FY2024 EPS estimates for Atlas Engineered Products in a research note issued to investors 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 estimate 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.

Other equities research analysts have also recently issued research reports about the stock. Cormark reduced their target price 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 stock a “strong-buy” rating in a research report on Thursday, September 12th.

Atlas Engineered Products Price Performance

Shares of Atlas Engineered Products stock opened at C$1.11 on Friday. 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 PE ratio of 15.86 and a beta of 1.13. The firm has a fifty day moving average price of C$1.30 and a two-hundred day moving average price of C$1.35. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week 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.