Q1 2023 EPS Estimates for AirBoss of America Corp. Reduced by Pi Financial (TSE:BOS)

AirBoss of America Corp. (TSE:BOSGet Rating) – Investment analysts at Pi Financial decreased their Q1 2023 earnings per share estimates for shares of AirBoss of America in a research report issued on Thursday, May 12th. Pi Financial analyst B. Jekic now forecasts that the company will post earnings of $0.66 per share for the quarter, down from their prior estimate of $0.74. Pi Financial has a “Buy” rating and a $49.00 price target on the stock. Pi Financial also issued estimates for AirBoss of America’s Q2 2023 earnings at $0.90 EPS, Q3 2023 earnings at $0.86 EPS and FY2023 earnings at $3.40 EPS.

AirBoss of America (TSE:BOSGet Rating) last issued its earnings results on Tuesday, March 8th. The company reported C$0.71 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.51 by C$0.20. The business had revenue of C$313.99 million during the quarter, compared to analysts’ expectations of C$301.86 million.

A number of other brokerages have also weighed in on BOS. TD Securities decreased their target price on AirBoss of America from C$51.00 to C$40.00 and set a “buy” rating for the company in a research report on Friday. CIBC reduced their price target on shares of AirBoss of America from C$55.00 to C$37.00 and set an “outperform” rating for the company in a research report on Friday. Canaccord Genuity Group reduced their price target on shares of AirBoss of America from C$51.00 to C$35.50 in a research report on Friday. Finally, Cormark reduced their price target on shares of AirBoss of America from C$54.00 to C$51.00 in a research report on Thursday, March 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$44.08.

Shares of TSE:BOS opened at C$19.84 on Monday. AirBoss of America has a fifty-two week low of C$17.75 and a fifty-two week high of C$47.00. The business has a 50-day simple moving average of C$31.84 and a two-hundred day simple moving average of C$36.65. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.88 and a current ratio of 2.11. The firm has a market cap of C$535.54 million and a price-to-earnings ratio of 9.23.

In related news, Director Peter Grenville Schoch acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The stock was bought at an average cost of C$32.10 per share, for a total transaction of C$160,500.00. Following the purchase, the director now owns 4,799,077 shares in the company, valued at approximately C$154,050,371.70.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. AirBoss of America’s dividend payout ratio (DPR) is presently 13.63%.

About AirBoss of America (Get Rating)

AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products for automotive, heavy commercial, construction and infrastructure, oil and gas, and defense industries in Canada, the United States, and internationally. It operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products.

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Earnings History and Estimates for AirBoss of America (TSE:BOS)

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