Q3 EPS Forecast for Atlas Engineered Products Cut by Analyst

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

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

Atlas Engineered Products Price Performance

Shares of Atlas Engineered Products stock opened at C$1.09 on Thursday. Atlas Engineered Products has a one year low of C$0.93 and a one year high of C$1.70. The stock’s fifty day moving average is C$1.30 and its 200 day moving average is C$1.35. The stock has a market cap of C$64.44 million, a P/E ratio of 15.57 and a beta of 1.13. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16.

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.