Brokers Issue Forecasts for AirBoss of America Corp.’s Q3 2023 Earnings (TSE:BOS)

Posted by Defense World Staff on Jul 31st, 2023

AirBoss of America Corp. (TSE:BOS – Free Report) – Analysts at National Bank Financial dropped their Q3 2023 earnings per share estimates for AirBoss of America in a report issued on Thursday, July 27th. National Bank Financial analyst A. Abdullah now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.11. National Bank Financial has a “Outperfrom Under Weight” rating on the stock. The consensus estimate for AirBoss of America’s current full-year earnings is $0.54 per share. National Bank Financial also issued estimates for AirBoss of America’s Q4 2023 earnings at $0.12 EPS and FY2024 earnings at $0.61 EPS.

A number of other brokerages have also recently weighed in on BOS. National Bankshares reduced their target price on AirBoss of America from C$12.00 to C$11.00 in a report on Friday. Canaccord Genuity Group lowered AirBoss of America from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$6.50 in a report on Friday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.13.

AirBoss of America Stock Performance

AirBoss of America stock opened at C$5.05 on Monday. The company has a debt-to-equity ratio of 70.62, a quick ratio of 1.07 and a current ratio of 2.44. The stock has a fifty day moving average of C$6.70 and a two-hundred day moving average of C$7.73. The company has a market capitalization of C$137.01 million, a price-to-earnings ratio of -2.58, a PEG ratio of -550.53 and a beta of 1.94. AirBoss of America has a fifty-two week low of C$4.98 and a fifty-two week high of C$16.50.

AirBoss of America (TSE:BOS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The firm had revenue of C$158.32 million for the quarter, compared to analyst estimates of C$157.75 million. AirBoss of America had a negative return on equity of 18.22% and a negative net margin of 8.90%.

AirBoss of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a $0.10 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.40 dividend on an annualized basis and a yield of 7.92%. AirBoss of America’s dividend payout ratio (DPR) is -20.41%.

About AirBoss of America

(Get Free Report)

AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products in Canada, the United States, and internationally. It operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products. The AirBoss Defense Group segment develops, manufactures, and sells healthcare protective equipment, personal respiratory protective products, rapid deployment negative pressure isolation shelters, and cold weather combat footwear, as well as chemical, biological, radioactive, and nuclear and explosive protective equipment for military, law enforcement, healthcare and industrial providers, and first responders.