AirBoss of America Corp. (TSE:BOS) Plans $0.04 Quarterly Dividend

AirBoss of America Corp. (TSE:BOS) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.035 per share on Tuesday, October 15th. This represents a $0.14 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, September 30th.

AirBoss of America Stock Down 0.3 %

Shares of TSE BOS opened at C$5.30 on Friday. AirBoss of America has a 1 year low of C$3.65 and a 1 year high of C$6.31. The firm’s 50-day moving average is C$4.75 and its 200-day moving average is C$5.38. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 92.36. The firm has a market capitalization of C$143.79 million, a PE ratio of -1.92, a price-to-earnings-growth ratio of -550.53 and a beta of 2.03.

AirBoss of America (TSE:BOS) last released its earnings results on Tuesday, August 13th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.08). The business had revenue of C$130.48 million for the quarter, compared to analyst estimates of C$142.42 million. AirBoss of America had a negative return on equity of 33.87% and a negative net margin of 13.99%. Equities analysts expect that AirBoss of America will post 0.1026827 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BOS. CIBC cut their target price on AirBoss of America from C$5.75 to C$4.00 in a research note on Thursday, August 15th. TD Securities increased their price target on shares of AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, National Bankshares reduced their price objective on shares of AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating on the stock in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$5.75.

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.