Cormark Analysts Lower Earnings Estimates for Baylin Technologies Inc (BYL)

Baylin Technologies Inc (TSE:BYL) – Analysts at Cormark reduced their Q2 2019 earnings estimates for shares of Baylin Technologies in a research report issued to clients and investors on Wednesday, May 15th. Cormark analyst G. Fairweather now expects that the company will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.04. Cormark also issued estimates for Baylin Technologies’ Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.04 EPS, FY2019 earnings at $0.13 EPS and Q3 2020 earnings at $0.10 EPS.

Separately, Raymond James reiterated an “outperform” rating and set a C$5.75 target price on shares of Baylin Technologies in a research report on Tuesday.

BYL opened at C$3.55 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.05 and a debt-to-equity ratio of 75.69. The firm has a market cap of $147.22 million and a price-to-earnings ratio of -21.26. Baylin Technologies has a one year low of C$2.90 and a one year high of C$4.50.

Baylin Technologies (TSE:BYL) last posted its earnings results on Wednesday, March 13th. The company reported C$0.04 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.06 by C($0.02). The business had revenue of C$36.01 million during the quarter, compared to the consensus estimate of C$38.50 million.

Baylin Technologies Company Profile

Baylin Technologies Inc, through its subsidiaries, engages in the research, designs, development, manufacture, and sale of a range of passive and active radio frequency (RF) and terrestrial microwave products in the North American and Asia. It offers embedded antennas for use in handsets, tablets, and other mobile devices; device-specific antenna designs for Wi-Fi routers; gateway devices for smart home connectivity, set-top boxes, and land mobile radio products; and indoor and outdoor distributed antenna systems (DAS), and small cell system antennas.

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Earnings History and Estimates for Baylin Technologies (TSE:BYL)

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