Equities Analysts Issue Forecasts for AirBoss of America Corp.’s Q3 2024 Earnings (TSE:BOS)

AirBoss of America Corp. (TSE:BOS) – Research analysts at National Bank Financial lowered their Q3 2024 earnings per share estimates for AirBoss of America in a note issued to investors on Wednesday, October 9th. National Bank Financial analyst A. Abdullah now forecasts that the company will post earnings of ($0.03) per share for the quarter, down from their previous estimate of $0.03. The consensus estimate for AirBoss of America’s current full-year earnings is $0.10 per share. National Bank Financial also issued estimates for AirBoss of America’s FY2024 earnings at ($0.41) EPS.

AirBoss of America (TSE:BOS) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.06) by C($0.08). AirBoss of America had a negative return on equity of 33.87% and a negative net margin of 13.99%. The firm had revenue of C$130.48 million for the quarter, compared to the consensus estimate of C$142.42 million.

A number of other research analysts also recently issued reports on the company. CIBC reduced their price target on AirBoss of America from C$5.75 to C$4.00 in a report on Thursday, August 15th. National Bankshares reduced their target price on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating on the stock in a report on Tuesday, July 16th. Finally, TD Securities upped their target price on AirBoss of America from C$7.00 to C$8.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th.

AirBoss of America Trading Up 1.6 %

TSE BOS opened at C$5.08 on Monday. AirBoss of America has a 1-year low of C$3.65 and a 1-year high of C$6.31. 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 stock has a 50-day moving average of C$4.75 and a 200-day moving average of C$5.34. The firm has a market cap of C$137.82 million, a PE ratio of -1.85, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05.

AirBoss of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.035 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.14 annualized dividend and a dividend yield of 2.76%. AirBoss of America’s dividend payout ratio (DPR) is -5.11%.

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.