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

AirBoss of America Corp. (TSE:BOS) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.035 per share on Tuesday, October 15th. This represents a $0.14 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, September 30th.

AirBoss of America Stock Down 0.3 %

Shares of TSE:BOS opened at C$5.30 on Friday. AirBoss of America has a 52-week low of C$3.65 and a 52-week high of C$6.31. The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. The firm has a market capitalization of C$143.79 million, a P/E ratio of -1.92, a P/E/G ratio of -550.53 and a beta of 2.03. The stock has a 50 day moving average price of C$4.75 and a 200-day moving average price of C$5.38.

AirBoss of America (TSE:BOS) last posted its quarterly earnings data 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). The company had revenue of C$130.48 million for the quarter, compared to the consensus estimate of C$142.42 million. AirBoss of America had a negative net margin of 13.99% and a negative return on equity of 33.87%. As a group, equities research analysts anticipate that AirBoss of America will post 0.1026827 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. National Bankshares dropped their price objective on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating on the stock in a research report on Tuesday, July 16th. TD Securities boosted their price objective on shares of AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, CIBC dropped their target price on shares of AirBoss of America from C$5.75 to C$4.00 in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, AirBoss of America currently has a consensus rating of “Hold” and an average target price of C$5.75.

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.