Atlas Engineered Products Ltd. (CVE:AEP – Free Report) – Cormark lowered their Q2 2024 earnings estimates for shares of Atlas Engineered Products in a research note issued on Thursday, June 27th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $0.01 per share for the quarter, down from their prior forecast of $0.03. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.15 per share. Cormark also issued estimates for Atlas Engineered Products’ FY2024 earnings at $0.04 EPS, Q2 2025 earnings at $0.03 EPS, FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.19 EPS.
AEP has been the subject of a number of other reports. Clarus Securities raised shares of Atlas Engineered Products to a “strong-buy” rating in a report on Monday, June 3rd. Ventum Cap Mkts raised shares of Atlas Engineered Products to a “strong-buy” rating in a research note on Thursday, June 27th.
Atlas Engineered Products Trading Down 0.7 %
Shares of AEP opened at C$1.41 on Monday. The company has a debt-to-equity ratio of 111.14, a current ratio of 3.89 and a quick ratio of 2.31. Atlas Engineered Products has a 1-year low of C$0.93 and a 1-year high of C$1.70. The company has a market capitalization of C$83.36 million, a P/E ratio of 20.14 and a beta of 1.15. The firm’s 50 day simple moving average is C$1.44 and its 200 day simple moving average is C$1.38.
Atlas Engineered Products (CVE:AEP – Get Free Report) last announced its earnings results on Wednesday, May 29th. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The business had revenue of C$9.12 million during the quarter, compared to the consensus estimate of C$9.20 million. Atlas Engineered Products had a return on equity of 9.95% and a net margin of 6.37%.
Atlas Engineered Products Company Profile
Atlas Engineered Products Ltd. designs, manufactures, and sells engineered roof trusses, floor trusses, wall panels, and windows 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.
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