AirBoss of America Corp. (TSE:BOS) Forecasted to Post Q3 2024 Earnings of $0.03 Per Share

AirBoss of America Corp. (TSE:BOS) – Equities researchers at National Bank Financial lifted their Q3 2024 earnings per share (EPS) estimates for shares of AirBoss of America in a report released on Wednesday, August 14th. National Bank Financial analyst A. Abdullah now anticipates that the company will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.01. The consensus estimate for AirBoss of America’s current full-year earnings is $0.60 per share. National Bank Financial also issued estimates for AirBoss of America’s FY2024 earnings at ($0.34) EPS, FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.29 EPS.

Several other brokerages have also weighed in on BOS. National Bankshares decreased their price objective on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a report on Tuesday, July 16th. CIBC decreased their price objective on AirBoss of America from C$5.75 to C$4.00 in a report on Thursday. TD Securities decreased their price objective on AirBoss of America from C$7.50 to C$7.00 in a report on Thursday. Finally, Cormark lifted their target price on AirBoss of America from C$5.25 to C$6.00 in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, AirBoss of America presently has an average rating of “Hold” and a consensus target price of C$5.55.

AirBoss of America Trading Down 2.4 %

Shares of BOS opened at C$4.13 on Monday. The business has a 50-day moving average of C$5.33 and a 200 day moving average of C$5.46. AirBoss of America has a fifty-two week low of C$3.65 and a fifty-two week high of C$6.31. The firm has a market cap of C$112.05 million, a P/E ratio of -1.68, a price-to-earnings-growth ratio of -550.53 and a beta of 2.03. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Monday, September 30th. AirBoss of America’s payout ratio is presently -5.69%.

Insider Buying and Selling at AirBoss of America

In other AirBoss of America news, Director Peter Grenville Schoch acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of C$5.75 per share, with a total value of C$57,500.00. Insiders own 34.90% of the company’s stock.

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.