AirBoss of America Corp. (TSE:BOS) Expected to Post Q1 2024 Earnings of ($0.05) Per Share

AirBoss of America Corp. (TSE:BOS) – Equities researchers at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of AirBoss of America in a research note issued to investors on Monday, April 22nd. National Bank Financial analyst A. Abdullah forecasts that the company will post earnings per share of ($0.05) for the quarter. The consensus estimate for AirBoss of America’s current full-year earnings is $0.70 per share. National Bank Financial also issued estimates for AirBoss of America’s Q2 2024 earnings at $0.00 EPS, Q3 2024 earnings at $0.00 EPS and Q4 2024 earnings at $0.07 EPS.

Several other research analysts have also issued reports on BOS. Cormark raised their target price on AirBoss of America from C$5.00 to C$5.25 in a research report on Friday, March 8th. National Bankshares raised their target price on AirBoss of America from C$6.00 to C$6.25 in a research report on Tuesday. CIBC lifted their price objective on AirBoss of America from C$3.75 to C$4.75 and gave the stock an “underperform” rating in a research report on Friday, March 8th. TD Securities lifted their price objective on AirBoss of America from C$6.50 to C$7.00 and gave the stock a “speculative buy” rating in a research report on Monday, March 11th. Finally, Pi Financial lowered AirBoss of America from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$5.79.

AirBoss of America Stock Down 1.8 %

Shares of TSE:BOS opened at C$5.54 on Thursday. The firm has a market cap of C$150.30 million, a P/E ratio of -2.65, a P/E/G ratio of -550.53 and a beta of 2.15. The company has a quick ratio of 1.07, a current ratio of 2.51 and a debt-to-equity ratio of 88.07. AirBoss of America has a 12-month low of C$3.65 and a 12-month high of C$7.85. The business has a fifty day simple moving average of C$5.47 and a 200 day simple moving average of C$4.75.

AirBoss of America (TSE:BOS) last released its quarterly earnings data on Wednesday, March 6th. The company reported C($0.14) earnings per share for the quarter, beating the consensus estimate of C($0.23) by C$0.09. AirBoss of America had a negative return on equity of 24.14% and a negative net margin of 9.80%. The company had revenue of C$126.21 million for the quarter, compared to the consensus estimate of C$125.42 million.

AirBoss of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.05%. AirBoss of America’s dividend payout ratio (DPR) is presently -13.40%.

About AirBoss of America

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.