AirBoss of America (TSE:BOS) Posts Quarterly Earnings Results

AirBoss of America (TSE:BOS) issued its quarterly earnings results on Friday. The company reported C$0.01 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$139.50 million during the quarter. AirBoss of America had a negative net margin of 2.12% and a negative return on equity of 6.96%.

AirBoss of America Stock Down 1.1%

BOS stock opened at C$6.45 on Friday. The firm has a 50-day moving average price of C$5.45 and a 200-day moving average price of C$4.99. AirBoss of America has a 12 month low of C$3.34 and a 12 month high of C$6.95. The company has a current ratio of 1.83, a quick ratio of 1.07 and a debt-to-equity ratio of 83.76. The stock has a market capitalization of C$175.11 million, a P/E ratio of -49.62, a price-to-earnings-growth ratio of -550.53 and a beta of 1.58.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their target price on AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, AirBoss of America currently has an average rating of “Moderate Buy” and a consensus target price of C$6.75.

About AirBoss of America

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.