Cormark Comments on Atlas Engineered Products Ltd.’s Q1 2024 Earnings (CVE:AEP)

Atlas Engineered Products Ltd. (CVE:AEP) – Stock analysts at Cormark lowered their Q1 2024 earnings per share (EPS) estimates for shares of Atlas Engineered Products in a research note issued to investors on Monday, April 29th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.01. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.17 per share. Cormark also issued estimates for Atlas Engineered Products’ Q4 2024 earnings at $0.01 EPS, FY2024 earnings at $0.08 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.02 EPS and FY2026 earnings at $0.17 EPS.

Atlas Engineered Products Stock Performance

AEP opened at C$1.42 on Wednesday. The firm has a market cap of C$83.95 million, a PE ratio of 20.29 and a beta of 1.16. The company has a quick ratio of 2.31, a current ratio of 3.38 and a debt-to-equity ratio of 116.51. The business has a fifty day simple moving average of C$1.51 and a 200-day simple moving average of C$1.27. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.70.

About Atlas Engineered Products

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.