What is Raymond James’ Forecast for CVE:AEP FY2024 Earnings?

Atlas Engineered Products Ltd. (CVE:AEP) – Research analysts at Raymond James reduced their FY2024 earnings per share estimates for shares of Atlas Engineered Products in a report released on Monday, November 25th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of $0.02 per share for the year, down from their previous 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.

AEP has been the topic of several other research reports. Ventum Financial reduced their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday. 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.

Atlas Engineered Products Stock Performance

Shares of Atlas Engineered Products stock opened at C$1.15 on Wednesday. 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 business’s 50 day moving average price is C$1.28 and its 200 day moving average price is C$1.34. The company has a market cap of C$67.99 million, a price-to-earnings ratio of 15.29 and a beta of 1.13. Atlas Engineered Products has a one year low of C$0.93 and a one 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.