Blackline (BL) Set to Announce Quarterly Earnings on Thursday
Blackline (NASDAQ:BL) is scheduled to announce its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.
Shares of Blackline (NASDAQ:BL) opened at $33.33 on Thursday. Blackline has a twelve month low of $26.72 and a twelve month high of $40.28. The firm has a market capitalization of $1,714.09, a P/E ratio of -34.72 and a beta of 1.99.
A number of equities research analysts have recently issued reports on BL shares. BidaskClub upgraded shares of Blackline from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. SunTrust Banks reiterated a “buy” rating and set a $42.00 price target on shares of Blackline in a research report on Friday, November 3rd. KeyCorp reiterated a “buy” rating and set a $39.00 price target on shares of Blackline in a research report on Sunday, October 22nd. Finally, JMP Securities upgraded shares of Blackline from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Blackline currently has an average rating of “Buy” and an average target price of $36.78.
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Blackline Company Profile
BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
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