Blackline Safety (TSE:BLN) Releases Earnings Results

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

Blackline Safety Stock Up 0.1%

Shares of TSE BLN opened at C$9.01 on Thursday. The company has a 50 day simple moving average of C$8.74 and a 200 day simple moving average of C$7.42. The company has a debt-to-equity ratio of 17.78, a current ratio of 2.02 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. The firm has a market cap of C$787.55 million, a PE ratio of -75.08 and a beta of 0.99.

Analyst Ratings Changes

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