Raymond James Weighs in on Atlas Engineered Products Ltd.’s Q3 2024 Earnings (CVE:AEP)

Atlas Engineered Products Ltd. (CVE:AEP) – Equities research analysts at Raymond James issued their Q3 2024 EPS estimates for Atlas Engineered Products in a research report issued on Wednesday, September 11th. Raymond James analyst D. Swetlishoff expects that the company will post earnings per share of $0.02 for the quarter. Raymond James currently has a “Strong-Buy” rating on the stock. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.07 per share. Raymond James also issued estimates for Atlas Engineered Products’ Q4 2024 earnings at $0.01 EPS, FY2024 earnings at $0.03 EPS and FY2025 earnings at $0.13 EPS.

Other equities research analysts also recently issued reports about the stock. Cormark lowered their target price on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a report on Tuesday, August 20th. Clarus Securities upgraded shares of Atlas Engineered Products to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Ventum Cap Mkts upgraded shares of Atlas Engineered Products to a “strong-buy” rating in a report on Thursday, June 27th.

Atlas Engineered Products Stock Performance

Shares of CVE AEP opened at C$1.43 on Monday. The company has a market cap of C$84.54 million, a PE ratio of 20.43 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 debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The company has a 50-day simple moving average of C$1.32 and a 200-day simple moving average of C$1.42.

Atlas Engineered Products (CVE:AEP) last posted its earnings results on Friday, August 16th. The company reported C$0.01 earnings per share for the quarter. Atlas Engineered Products had a net margin of 2.90% and a return on equity of 3.90%. The firm had revenue of C$15.09 million during the quarter, compared to the consensus estimate of C$13.95 million.

Insider Activity at Atlas Engineered Products

In related news, Director Mohammad Hadi Abassi sold 195,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$1.30, for a total value of C$253,500.00. 16.92% of the stock is currently owned by corporate insiders.

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.