Q3 2024 EPS Estimates for AirBoss of America Corp. (TSE:BOS) Lowered by Analyst

AirBoss of America Corp. (TSE:BOS) – Analysts at National Bank Financial dropped their Q3 2024 EPS estimates for shares of AirBoss of America in a report released on Wednesday, October 9th. National Bank Financial analyst A. Abdullah now expects that the company will post earnings of ($0.03) per share for the quarter, down from their prior 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.

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

AirBoss of America Price Performance

Shares of TSE BOS opened at C$5.02 on Monday. The firm has a 50-day moving average of C$4.77 and a two-hundred day moving average of C$5.33. The company has a market capitalization of C$136.19 million, a price-to-earnings ratio of -1.83, a PEG ratio of -550.53 and a beta of 2.05. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 92.36. AirBoss of America has a twelve month low of C$3.65 and a twelve month high of C$6.31.

AirBoss of America (TSE:BOS) last released its earnings results on Tuesday, August 13th. The company reported C($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of C$142.42 million.

AirBoss of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.035 per share. The ex-dividend date was Monday, September 30th. This represents a $0.14 annualized dividend and a yield of 2.79%. AirBoss of America’s payout ratio is -5.11%.

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.