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

AirBoss of America Corp. (TSE:BOS) – Investment analysts at National Bank Financial issued their Q1 2024 EPS estimates for AirBoss of America in a research note issued to investors on Monday, April 22nd. National Bank Financial analyst A. Abdullah expects that the company will post earnings per share of ($0.05) 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.

AirBoss of America (TSE:BOS) last issued its earnings results on Wednesday, March 6th. The company reported C($0.14) earnings per share for the quarter, beating the consensus estimate of C($0.23) by C$0.09. The firm had revenue of C$126.21 million for the quarter, compared to analysts’ expectations 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%.

Several other analysts have also recently weighed in on BOS. Cormark raised their target price on shares of AirBoss of America from C$5.00 to C$5.25 in a report on Friday, March 8th. CIBC raised their target price on shares of AirBoss of America from C$3.75 to C$4.75 and gave the company an “underperform” rating in a report on Friday, March 8th. National Bankshares raised their target price on shares of AirBoss of America from C$6.00 to C$6.25 in a report on Tuesday. TD Securities raised their price objective on shares of AirBoss of America from C$6.50 to C$7.00 and gave the stock a “speculative buy” rating in a report on Monday, March 11th. Finally, Pi Financial cut shares of AirBoss of America from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, AirBoss of America presently has an average rating of “Hold” and an average price target of C$5.79.

AirBoss of America Stock Down 3.7 %

Shares of TSE:BOS opened at C$5.47 on Thursday. The firm’s 50 day moving average price is C$5.45 and its 200 day moving average price is C$4.74. The stock has a market cap of C$148.40 million, a price-to-earnings ratio of -2.62, a price-to-earnings-growth ratio of -550.53 and a beta of 2.15. AirBoss of America has a fifty-two week low of C$3.65 and a fifty-two week high of C$7.85. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.12%. AirBoss of America’s payout ratio is -13.40%.

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.