Blackline Safety (BLN) Scheduled to Post Earnings on Wednesday

Blackline Safety (TSE:BLN) will announce 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 (TSE:BLN) last posted its earnings results on Thursday, June 13th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.02). The firm had revenue of C$31.58 million for the quarter, compared to analysts’ expectations of C$30.62 million.

Blackline Safety Price Performance

TSE:BLN opened at C$4.72 on Tuesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09. The firm has a market cap of C$256.53 million and a price-to-earnings ratio of -22.69. The company has a 50 day moving average price of C$8.75 and a 200-day moving average price of C$8.86. Blackline Safety has a 1-year low of C$2.77 and a 1-year high of C$4.80.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BLN shares. Ventum Cap Mkts raised shares of Blackline Safety to a “strong-buy” rating in a report on Wednesday, September 4th. Canaccord Genuity Group lifted their target price on shares of 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. National Bankshares set a C$6.00 target price on shares of Blackline Safety and gave the company a “buy” rating in a report on Thursday, June 13th. ATB Capital boosted their price target on shares of Blackline Safety from C$5.50 to C$6.00 in a report on Monday, June 17th. Finally, Ventum Financial set a C$6.50 price target on shares of Blackline Safety and gave the stock a “buy” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$6.00.

About Blackline Safety

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.