Blackline Safety Corp. to Post FY2022 Earnings of ($0.80) Per Share, B. Riley Forecasts (CVE:BLN)

Blackline Safety Corp. (CVE:BLNGet Rating) – Analysts at B. Riley reduced their FY2022 EPS estimates for Blackline Safety in a research report issued to clients and investors on Thursday, September 15th. B. Riley analyst R. Sharma now anticipates that the company will post earnings of ($0.80) per share for the year, down from their previous forecast of ($0.77). The consensus estimate for Blackline Safety’s current full-year earnings is ($0.05) per share.

BLN has been the subject of a number of other research reports. TD Securities set a C$6.00 target price on shares of Blackline Safety and gave the company a “speculative buy” rating in a research report on Wednesday, September 7th. Raymond James reduced their target price on shares of Blackline Safety from C$9.00 to C$6.00 and set an “outperform” rating for the company in a research report on Thursday, September 1st. Canaccord Genuity Group reduced their target price on shares of Blackline Safety from C$6.00 to C$5.00 in a research report on Thursday. Finally, Pi Financial reduced their target price on shares of Blackline Safety from C$7.50 to C$6.75 in a research report on Wednesday, August 31st.

Blackline Safety Price Performance

CVE:BLN opened at C$8.92 on Monday. Blackline Safety has a one year low of C$4.60 and a one year high of C$9.09. The company has a market cap of C$484.79 million and a P/E ratio of -42.88. The firm’s fifty day moving average price is C$8.92 and its two-hundred day moving average price is 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.

About Blackline Safety

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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.

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Earnings History and Estimates for Blackline Safety (CVE:BLN)

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