What is Cormark’s Forecast for CVE:AEP Q4 Earnings?

Atlas Engineered Products Ltd. (CVE:AEP) – Analysts at Cormark lifted their Q4 2024 earnings estimates for shares of Atlas Engineered Products in a research note issued to investors on Tuesday, November 26th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.00 for the quarter, up from their previous estimate of ($0.01). The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Several other research analysts also recently commented on AEP. Raymond James set a C$2.25 price target on shares of Atlas Engineered Products and gave the company a “strong-buy” rating in a report on Thursday, September 12th. Ventum Financial cut their price target on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday.

Atlas Engineered Products Stock Up 7.5 %

AEP opened at C$1.15 on Wednesday. The company has a 50 day moving average of C$1.28 and a 200 day moving average of C$1.34. The company has a market cap of C$67.99 million, a PE ratio of 16.43 and a beta of 1.13. Atlas Engineered Products has a 12 month low of C$0.93 and a 12 month high of C$1.70. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14.

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.