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

AirBoss of America Corp. (TSE:BOS) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.035 per share on Monday, July 15th. This represents a $0.14 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, June 28th.

AirBoss of America Stock Performance

BOS traded down C$0.01 during trading on Friday, reaching C$5.87. 875 shares of the company’s stock were exchanged, compared to its average volume of 28,475. AirBoss of America has a fifty-two week low of C$3.65 and a fifty-two week high of C$7.82. The company has a quick ratio of 1.07, a current ratio of 2.51 and a debt-to-equity ratio of 88.07. The business has a 50 day moving average price of C$5.58 and a 200 day moving average price of C$4.87. The company has a market capitalization of C$159.25 million, a P/E ratio of -2.79, a PEG ratio of -550.53 and a beta of 2.15.

AirBoss of America (TSE:BOS) last issued its earnings results on Wednesday, March 6th. The company reported C($0.14) EPS for the quarter, beating the consensus estimate of C($0.23) by C$0.09. AirBoss of America had a negative net margin of 9.80% and a negative return on equity of 24.14%. The company had revenue of C$126.21 million for the quarter, compared to the consensus estimate of C$125.42 million. As a group, analysts predict that AirBoss of America will post 0.7503218 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Cormark upped their price target on shares of AirBoss of America from C$5.00 to C$5.25 in a research report on Friday, March 8th. National Bankshares upped their price target on shares of AirBoss of America from C$6.00 to C$6.25 in a research report on Tuesday, April 23rd. Pi Financial downgraded shares of AirBoss of America from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. TD Securities boosted their price objective on AirBoss of America from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Monday. Finally, CIBC boosted their price objective on AirBoss of America from C$3.75 to C$4.75 and gave the stock an “underperform” rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$5.88.

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.