Blackline Safety (BLN) Scheduled to Post Quarterly Earnings on Wednesday

Blackline Safety (TSE:BLN) will issue its quarterly earnings data before the market opens on Wednesday, September 11th. Analysts expect the company to announce earnings of C($0.02) per share for the quarter.

Blackline Safety (TSE:BLN) last announced its quarterly earnings results on Thursday, June 13th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The company had revenue of C$31.58 million during the quarter, compared to the consensus estimate of C$30.62 million.

Blackline Safety Stock Down 0.4 %

Shares of Blackline Safety stock opened at C$4.65 on Monday. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. Blackline Safety has a 12-month low of C$2.77 and a 12-month high of C$4.80. The company has a market cap of C$252.72 million and a P/E ratio of -22.36. The company’s fifty day simple moving average is C$8.83 and its two-hundred day simple moving average is C$8.89.

Wall Street Analyst Weigh In

BLN has been the topic of several analyst reports. Canaccord Genuity Group boosted their target price on Blackline Safety from C$5.25 to C$5.50 and gave the stock a “speculative buy” rating in a report on Friday, June 14th. Ventum Financial set a C$6.50 price target on shares of Blackline Safety and gave the stock a “buy” rating in a research note on Thursday. Ventum Cap Mkts upgraded shares of Blackline Safety to a “strong-buy” rating in a research note on Wednesday, September 4th. National Bankshares set a C$6.00 target price on shares of Blackline Safety and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, ATB Capital increased their price target on shares of Blackline Safety from C$5.50 to C$6.00 in a report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Blackline Safety presently has an average rating of “Buy” and a consensus price target of C$6.00.

Blackline Safety Company Profile

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.