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

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 dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, June 28th.

AirBoss of America Price Performance

BOS opened at C$5.88 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.51 and a debt-to-equity ratio of 88.07. AirBoss of America has a 12 month low of C$3.65 and a 12 month high of C$7.85. The company has a fifty day simple moving average of C$5.58 and a 200 day simple moving average of C$4.87. The stock has a market cap of C$159.52 million, a P/E ratio of -2.79, a P/E/G ratio of -550.53 and a beta of 2.15.

AirBoss of America (TSE:BOS) last released its earnings results on Wednesday, March 6th. The company reported C($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.23) by C$0.09. The firm had revenue of C$126.21 million during 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, research analysts expect that AirBoss of America will post 0.7503218 EPS for the current year.

Analysts Set New Price Targets

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

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.