Blackline Safety (BLN) Set to Announce Quarterly Earnings on Wednesday

Blackline Safety (CVE:BLN) is scheduled to be announcing its earnings results 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 (CVE:BLN) last issued its quarterly earnings data 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 analysts’ expectations of C$30.62 million.

Blackline Safety Price Performance

Shares of BLN opened at C$8.92 on Wednesday. The company has a market cap of C$484.79 million and a P/E ratio of -42.88. The stock has a fifty day moving average price of C$8.92 and a 200 day moving average price of C$8.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09. Blackline Safety has a 12 month low of C$4.60 and a 12 month high of C$9.09.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BLN shares. ATB Capital increased their price target on Blackline Safety from C$5.50 to C$6.00 in a research note on Monday, June 17th. National Bankshares set a C$6.00 price objective on Blackline Safety and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Canaccord Genuity Group upped their price objective on Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a report on Friday, June 14th.

About Blackline Safety

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.