Raymond James Has Weak Forecast for CVE:AEP FY2024 Earnings

Atlas Engineered Products Ltd. (CVE:AEP) – Equities research analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for Atlas Engineered Products in a report issued on Monday, November 25th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of $0.02 per share for the year, down from their prior forecast of $0.03. Raymond James currently has a “Strong-Buy” rating on the stock. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Other equities analysts also recently issued reports about the stock. Ventum Financial decreased their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday. Cormark reduced their price target on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th.

Atlas Engineered Products Price Performance

Atlas Engineered Products stock opened at C$1.15 on Wednesday. The stock has a market capitalization of C$67.99 million, a P/E ratio of 15.29 and a beta of 1.13. The company’s fifty day moving average price is C$1.28 and its 200 day moving average price is C$1.34. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. Atlas Engineered Products has a 1 year low of C$0.93 and a 1 year high of C$1.70.

Atlas Engineered Products Company Profile

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.