AirBoss of America Corp. (BOS) to Issue Quarterly Dividend of $0.04 on July 15th

AirBoss of America Corp. (TSE:BOS) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders 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 dividend yield of 2.37%. The ex-dividend date is Friday, June 28th.

AirBoss of America Stock Down 3.2 %

BOS opened at C$5.90 on Wednesday. AirBoss of America has a one year low of C$3.65 and a one year high of C$7.11. The company has a debt-to-equity ratio of 83.63, a quick ratio of 1.07 and a current ratio of 2.26. The stock’s fifty day moving average is C$5.85 and its 200-day moving average is C$5.36. The company has a market capitalization of C$159.93 million, a PE ratio of -2.45, a P/E/G ratio of -550.53 and a beta of 2.15.

AirBoss of America (TSE:BOS) last issued its earnings results on Wednesday, May 8th. The company reported C($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.18). The company had revenue of C$139.52 million during the quarter, compared to analyst estimates of C$132.45 million. AirBoss of America had a negative return on equity of 28.35% and a negative net margin of 11.67%. On average, equities analysts predict that AirBoss of America will post 0.7477477 EPS for the current fiscal year.

Insider Activity at AirBoss of America

In other AirBoss of America news, Director Peter Grenville Schoch purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of C$5.75 per share, with a total value of C$57,500.00. 34.87% of the stock is owned by insiders.

Analyst Ratings Changes

BOS has been the topic of a number of recent research reports. TD Securities lifted their target price on AirBoss of America from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Monday, May 6th. Pi Financial cut AirBoss of America from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. National Bankshares lifted their target price on AirBoss of America from C$6.00 to C$6.25 in a report on Tuesday, April 23rd. CIBC lifted their target price on AirBoss of America from C$4.75 to C$5.75 in a report on Friday, May 10th. Finally, Cormark lifted their price target on AirBoss of America from C$5.25 to C$6.00 in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$6.17.

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.