Baylin Technologies’ (BYL) Outperform Rating Reaffirmed at Raymond James

Raymond James reaffirmed their outperform rating on shares of Baylin Technologies (TSE:BYL) in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have a C$5.75 price target on the stock. Raymond James also issued estimates for Baylin Technologies’ Q2 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.11 EPS, FY2019 earnings at $0.35 EPS, FY2020 earnings at $0.42 EPS and FY2020 earnings at $0.31 EPS.

Separately, Cormark decreased their price objective on shares of Baylin Technologies from C$5.75 to C$5.50 in a research note on Friday, March 15th.

TSE:BYL opened at C$3.58 on Tuesday. The company has a market cap of $147.22 million and a price-to-earnings ratio of -21.44. Baylin Technologies has a twelve month low of C$2.90 and a twelve month high of C$4.50. The company has a current ratio of 1.74, a quick ratio of 1.05 and a debt-to-equity ratio of 75.69.

Baylin Technologies (TSE:BYL) last released its earnings results on Wednesday, March 13th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). The business had revenue of C$36.01 million for the quarter, compared to the consensus estimate of C$38.50 million. On average, equities research analysts expect that Baylin Technologies will post 0.349999970422538 earnings per share for the current year.

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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