Converge Technology Solutions Corp. (TSE:CTS – Free Report) – Equities researchers at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Converge Technology Solutions in a report released on Wednesday, July 3rd. National Bank Financial analyst J. Shao now anticipates that the company will earn $0.71 per share for the year, up from their previous estimate of $0.69. The consensus estimate for Converge Technology Solutions’ current full-year earnings is $0.54 per share.
Other equities research analysts have also recently issued research reports about the company. National Bankshares upped their price target on Converge Technology Solutions from C$6.00 to C$7.00 in a research note on Friday, May 10th. Ventum Cap Mkts upgraded Converge Technology Solutions to a “strong-buy” rating in a research note on Tuesday, June 25th. Cormark cut their price target on Converge Technology Solutions from C$7.00 to C$6.50 in a research note on Friday, May 10th. Finally, Scotiabank upped their price target on Converge Technology Solutions from C$7.00 to C$8.00 in a research note on Thursday, March 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Converge Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of C$6.63.
Get Our Latest Analysis on Converge Technology Solutions
Converge Technology Solutions Price Performance
Converge Technology Solutions stock opened at C$4.37 on Monday. Converge Technology Solutions has a 12 month low of C$2.24 and a 12 month high of C$6.06. The company has a debt-to-equity ratio of 58.49, a current ratio of 0.93 and a quick ratio of 0.68. The business has a 50 day simple moving average of C$4.91 and a 200-day simple moving average of C$4.88. The stock has a market capitalization of C$873.43 million, a PE ratio of -437.00, a price-to-earnings-growth ratio of 0.14 and a beta of 1.93.
Converge Technology Solutions (TSE:CTS – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.11 earnings per share for the quarter, meeting the consensus estimate of C$0.11. The business had revenue of C$628.77 million during the quarter, compared to the consensus estimate of C$661.10 million. Converge Technology Solutions had a negative return on equity of 1.08% and a negative net margin of 0.05%.
Insider Activity
In other news, Senior Officer Greg Berard purchased 8,197 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average price of C$4.68 per share, for a total transaction of C$38,361.96. In related news, Senior Officer Greg Berard acquired 8,197 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of C$4.68 per share, with a total value of C$38,361.96. Also, Senior Officer Avjit Kamboj sold 30,600 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$4.41, for a total value of C$134,946.00. Company insiders own 5.45% of the company’s stock.
Converge Technology Solutions Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a $0.015 dividend. This is a boost from Converge Technology Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.06 annualized dividend and a yield of 1.37%. Converge Technology Solutions’s dividend payout ratio is presently -600.00%.
About Converge Technology Solutions
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.
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