Echelon Wealth Partners Analysts Lower Earnings Estimates for Blackline Safety Corp. (CVE:BLN)

Blackline Safety Corp. (CVE:BLNGet Rating) – Research analysts at Echelon Wealth Partners cut their FY2022 EPS estimates for shares of Blackline Safety in a note issued to investors on Wednesday, September 14th. Echelon Wealth Partners analyst A. Ezzat now forecasts that the company will post earnings of ($0.88) per share for the year, down from their previous forecast of ($0.79). The consensus estimate for Blackline Safety’s current full-year earnings is ($0.05) per share. Echelon Wealth Partners also issued estimates for Blackline Safety’s Q4 2022 earnings at ($0.17) EPS and FY2023 earnings at ($0.39) EPS.

Other equities analysts have also issued research reports about the stock. TD Securities set a C$6.00 target price on shares of Blackline Safety and gave the company a “speculative buy” rating in a report on Wednesday, September 7th. Pi Financial reduced their target price on shares of Blackline Safety from C$7.50 to C$6.75 in a report on Wednesday, August 31st. Canaccord Genuity Group reduced their target price on shares of Blackline Safety from C$6.00 to C$5.00 in a report on Thursday. Finally, Raymond James cut their price objective on shares of Blackline Safety from C$9.00 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday, September 1st.

Blackline Safety Stock Performance

CVE:BLN opened at C$8.92 on Monday. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88. The firm’s fifty day simple moving average is C$8.92 and its 200 day simple moving average is C$8.92. Blackline Safety has a twelve month low of C$4.60 and a twelve month high of C$9.09.

Blackline Safety Company Profile

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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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