Blackline Safety (TSE:BLN) Issues Quarterly Earnings Results

Blackline Safety (TSE:BLN) released its earnings results on Wednesday. The company reported C($0.04) EPS for the quarter, FiscalAI reports. The business had revenue of C$44.29 million during the quarter. Blackline Safety had a negative net margin of 6.83% and a negative return on equity of 13.41%.

Blackline Safety Stock Performance

Shares of TSE:BLN opened at C$9.00 on Wednesday. The firm has a market capitalization of C$786.67 million, a PE ratio of -75.00 and a beta of 0.99. The company has a debt-to-equity ratio of 17.78, a current ratio of 2.02 and a quick ratio of 3.09. The business has a 50-day moving average of C$8.70 and a two-hundred day moving average of C$7.40. Blackline Safety has a 12 month low of C$5.90 and a 12 month high of C$9.06.

Analyst Ratings Changes

Several research firms recently commented on BLN. Raymond James Financial lowered Blackline Safety from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$10.00 to C$9.38 in a research note on Friday, April 10th. TD lowered Blackline Safety from a “hold” rating to a “sell” rating and upped their target price for the company from C$8.00 to C$9.00 in a research note on Monday, April 13th. Ventum Financial lowered Blackline Safety from a “buy” rating to a “tender” rating and upped their target price for the company from C$8.25 to C$9.00 in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada lowered Blackline Safety from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$9.00 to C$9.25 in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$9.27.

About Blackline Safety

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.