Raymond James Equities Analysts Cut Earnings Estimates for Blackline Safety Corp. (CVE:BLN)

Blackline Safety Corp. (CVE:BLN) – Research analysts at Raymond James lowered their Q4 2024 earnings per share (EPS) estimates for Blackline Safety in a note issued to investors on Monday, September 11th. Raymond James analyst F. Bastien now expects that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.03. The consensus estimate for Blackline Safety’s current full-year earnings is ($0.05) per share.

Separately, ATB Capital lifted their target price on shares of Blackline Safety from C$4.00 to C$4.50 in a research note on Thursday, June 15th.

Blackline Safety Stock Down 0.3 %

Shares of CVE BLN opened at C$8.92 on Tuesday. The company’s 50 day moving average price is C$8.92 and its 200-day moving average price is C$8.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 3.09 and a current ratio of 3.72. Blackline Safety has a 52-week low of C$4.60 and a 52-week high of C$9.09. The company has a market capitalization of C$484.79 million and a P/E ratio of -42.88.

Blackline Safety (CVE:BLN) last released its earnings results on Wednesday, June 14th. The company reported C($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.09). The firm had revenue of C$24.10 million for the quarter, compared to analyst estimates of C$22.85 million.

Blackline Safety Company Profile

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.