National Bank Financial Research Analysts Lift Earnings Estimates for AirBoss of America Corp. (TSE:BOS)

AirBoss of America Corp. (TSE:BOS) – Equities research analysts at National Bank Financial lifted their Q3 2024 earnings per share (EPS) estimates for AirBoss of America in a research note issued on Wednesday, August 14th. National Bank Financial analyst A. Abdullah now anticipates that the company will post earnings of $0.03 per share for the quarter, up from their prior estimate of $0.01. The consensus estimate for AirBoss of America’s current full-year earnings is $0.52 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 equities analysts have also recently issued reports on BOS. CIBC dropped their price target on AirBoss of America from C$5.75 to C$4.00 in a research report on Thursday, August 15th. National Bankshares cut their target price on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a research note on Tuesday, July 16th. Cormark increased their target price on AirBoss of America from C$5.25 to C$6.00 in a research note on Friday, May 10th. Finally, TD Securities cut their target price on AirBoss of America from C$7.50 to C$7.00 in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, AirBoss of America presently has an average rating of “Hold” and a consensus price target of C$5.55.

AirBoss of America Stock Performance

Shares of BOS stock opened at C$4.01 on Monday. The stock has a market capitalization of C$108.79 million, a PE ratio of -1.44, a price-to-earnings-growth ratio of -550.53 and a beta of 2.03. AirBoss of America has a 52-week low of C$3.65 and a 52-week high of C$6.31. The stock’s 50-day moving average price is C$5.29 and its 200 day moving average price is C$5.45. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36.

Insider Buying and Selling

In other news, Director Peter Grenville Schoch purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of C$5.75 per share, for a total transaction of C$57,500.00. Insiders own 34.90% of the company’s stock.

AirBoss of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, September 30th. AirBoss of America’s dividend payout ratio is currently -5.04%.

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.