AirBoss of America Corp. (TSE:BOS) Receives Consensus Rating of “Hold” from Brokerages

Shares of AirBoss of America Corp. (TSE:BOS) have received a consensus rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$6.17.

Several research analysts have recently issued reports on BOS shares. Cormark upped their price objective on AirBoss of America from C$5.25 to C$6.00 in a research report on Friday, May 10th. CIBC upped their price objective on AirBoss of America from C$4.75 to C$5.75 in a research report on Friday, May 10th. TD Securities upped their target price on AirBoss of America from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, National Bankshares upped their target price on AirBoss of America from C$6.00 to C$6.25 in a research report on Tuesday, April 23rd.

AirBoss of America Trading Down 3.0 %

TSE:BOS opened at C$5.59 on Wednesday. The stock has a 50-day simple moving average of C$5.88 and a 200-day simple moving average of C$5.41. The stock has a market cap of C$151.66 million, a P/E ratio of -2.32, a P/E/G ratio of -550.53 and a beta of 2.15. AirBoss of America has a 1 year low of C$3.65 and a 1 year high of C$7.11. The company has a debt-to-equity ratio of 83.63, a quick ratio of 1.07 and a current ratio of 2.26.

AirBoss of America (TSE:BOS) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.06) by C($0.18). The business had revenue of C$139.52 million for the quarter, compared to analyst estimates of C$132.45 million. AirBoss of America had a negative return on equity of 28.35% and a negative net margin of 11.67%. As a group, analysts anticipate that AirBoss of America will post 0.7477477 earnings per share for the current fiscal year.

AirBoss of America Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.035 per share. The ex-dividend date is Friday, June 28th. This represents a $0.14 annualized dividend and a yield of 2.50%. AirBoss of America’s dividend payout ratio is presently -5.81%.

Insider Buying and Selling

In other news, Director Peter Grenville Schoch acquired 10,000 shares of AirBoss of America stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of C$5.75 per share, with a total value of C$57,500.00. 34.87% of the stock is currently owned by insiders.

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.