What is Cormark’s Forecast for CVE:AEP FY2024 Earnings?

Atlas Engineered Products Ltd. (CVE:AEP) – Equities researchers at Cormark increased their FY2024 earnings per share (EPS) estimates for shares of Atlas Engineered Products in a note issued to investors on Tuesday, November 26th. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $0.01 per share for the year, up from their previous estimate of ($0.02). The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Cormark also issued estimates for Atlas Engineered Products’ Q1 2025 earnings at ($0.02) EPS, Q2 2025 earnings at $0.02 EPS and FY2025 earnings at $0.04 EPS.

Other research analysts have also issued research reports about the stock. Ventum Financial lowered their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday. Raymond James set a C$2.25 price objective on Atlas Engineered Products and gave the company a “strong-buy” rating in a research note on Thursday, September 12th.

Atlas Engineered Products Stock Performance

CVE AEP opened at C$1.15 on Thursday. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The company has a market cap of C$67.99 million, a P/E ratio of 16.43 and a beta of 1.13. The stock has a 50-day moving average of C$1.27 and a two-hundred day moving average of C$1.33. Atlas Engineered Products has a 1-year low of C$0.93 and a 1-year high of C$1.70.

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.