Analysts Issue Forecasts for AirBoss of America Corp.’s Q1 2024 Earnings (TSE:BOS)

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 report released on Monday, April 22nd. National Bank Financial analyst A. Abdullah expects that the company will earn ($0.05) per share 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 firms have also recently issued reports on BOS. Pi Financial cut AirBoss of America from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. National Bankshares lifted their price target on AirBoss of America from C$6.00 to C$6.25 in a research note on Tuesday. TD Securities increased their price objective on AirBoss of America from C$6.50 to C$7.00 and gave the company a “speculative buy” rating in a research note on Monday, March 11th. CIBC increased their price objective on AirBoss of America from C$3.75 to C$4.75 and gave the company an “underperform” rating in a research note on Friday, March 8th. Finally, Cormark increased their price objective on AirBoss of America from C$5.00 to C$5.25 in a research note on Friday, March 8th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$5.79.

AirBoss of America Stock Up 3.1 %

BOS stock opened at C$5.64 on Thursday. The stock has a market capitalization of C$153.01 million, a P/E ratio of -2.70, a P/E/G ratio of -550.53 and a beta of 2.15. AirBoss of America has a 52 week low of C$3.65 and a 52 week high of C$7.85. The firm has a 50-day simple moving average of C$5.46 and a 200-day simple moving average of C$4.74. 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 (TSE:BOS) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C($0.14) EPS for the quarter, topping the consensus estimate of C($0.23) by C$0.09. The company had revenue of C$126.21 million during the quarter, compared to analyst estimates of C$125.42 million. AirBoss of America had a negative net margin of 9.80% and a negative return on equity of 24.14%.

AirBoss of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Wednesday, March 27th. AirBoss of America’s dividend payout ratio (DPR) is presently -13.40%.

AirBoss of America Company Profile

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.