Blackline Safety (TSE:BLN) Announces Earnings Results

Blackline Safety (TSE:BLN) posted its quarterly earnings results on Wednesday. The company reported C($0.04) EPS for the quarter, FiscalAI reports. Blackline Safety had a negative return on equity of 13.09% and a negative net margin of 6.11%.The business had revenue of C$44.29 million for the quarter.

Blackline Safety Price Performance

BLN stock opened at C$9.00 on Friday. The stock has a market capitalization of C$786.67 million, a PE ratio of -75.00 and a beta of 0.99. The company’s 50-day moving average is C$8.78 and its 200-day moving average is C$7.43. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.89 and a quick ratio of 3.09. Blackline Safety has a 1 year low of C$5.90 and a 1 year high of C$9.06.

Wall Street Analysts Forecast Growth

BLN has been the subject of a number of research analyst reports. Raymond James Financial cut Blackline Safety from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$10.00 to C$9.38 in a report on Friday, April 10th. Ventum Financial cut Blackline Safety from a “buy” rating to a “tender” rating and boosted their price objective for the stock from C$8.25 to C$9.00 in a report on Thursday, April 9th. TD cut Blackline Safety from a “hold” rating to a “sell” rating and boosted their price objective for the stock from C$8.00 to C$9.00 in a report on Monday, April 13th. Finally, Royal Bank Of Canada cut Blackline Safety from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$9.00 to C$9.25 in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.