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

AirBoss of America Corp. (TSE:BOS) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors 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 2.45%. The ex-dividend date of this dividend is Friday, June 28th.

AirBoss of America Stock Performance

BOS traded down C$0.17 during trading hours on Friday, reaching C$5.71. The company’s stock had a trading volume of 2,679 shares, compared to its average volume of 28,497. AirBoss of America has a 52 week low of C$3.65 and a 52 week high of C$7.82. The company’s 50-day moving average is C$5.58 and its 200-day moving average is C$4.87. The company has a debt-to-equity ratio of 88.07, a quick ratio of 1.07 and a current ratio of 2.51. The firm has a market cap of C$154.91 million, a PE ratio of -2.71, a price-to-earnings-growth ratio of -550.53 and a beta of 2.15.

AirBoss of America (TSE:BOS) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C($0.14) earnings per share for the quarter, topping the consensus estimate of C($0.23) by C$0.09. The firm had revenue of C$126.21 million for the quarter, compared to analysts’ expectations of C$125.42 million. AirBoss of America had a negative return on equity of 24.14% and a negative net margin of 9.80%. On average, equities analysts forecast that AirBoss of America will post 0.7503218 EPS for the current year.

Wall Street Analyst Weigh In

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

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.