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

Blackline Safety Corp. (CVE:BLNGet Rating) – Equities researchers at Echelon Wealth Partners reduced their FY2022 EPS estimates for Blackline Safety in a research report issued on Wednesday, September 14th. Echelon Wealth Partners analyst A. Ezzat now forecasts that the company will earn ($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.

Several other analysts have also commented on the stock. Canaccord Genuity Group cut their target price on shares of Blackline Safety from C$6.00 to C$5.00 in a research note on Thursday. 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 note on Wednesday, September 7th. Raymond James reduced their price target 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. Finally, Pi Financial reduced their price target on shares of Blackline Safety from C$7.50 to C$6.75 in a research report on Wednesday, August 31st.

Blackline Safety Stock Down 0.3 %

BLN stock opened at C$8.92 on Monday. Blackline Safety has a 12 month low of C$4.60 and a 12 month high of C$9.09. The firm has a market cap of C$484.79 million and a PE ratio of -42.88. The firm has a 50 day simple moving average of C$8.92 and a 200 day simple moving average of 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.

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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