FY2026 Earnings Forecast for TSE:CTS Issued By Cormark

Converge Technology Solutions Corp. (TSE:CTS - Free Report) - Stock analysts at Cormark issued their FY2026 EPS estimates for Converge Technology Solutions in a research report issued to clients and investors on Wednesday, November 13th. Cormark analyst G. Fairweather expects that the company will earn $0.69 per share for the year. Cormark currently has a "Hold" rating on the stock. The consensus estimate for Converge Technology Solutions' current full-year earnings is $0.69 per share.

Several other equities research analysts have also recently commented on CTS. Raymond James cut their target price on Converge Technology Solutions from C$6.50 to C$4.50 in a research note on Friday, October 25th. National Bank Financial lowered shares of Converge Technology Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Canaccord Genuity Group reduced their target price on shares of Converge Technology Solutions from C$6.25 to C$6.00 in a report on Friday, October 25th. CIBC lowered their price target on shares of Converge Technology Solutions from C$5.00 to C$4.00 in a research note on Friday, October 25th. Finally, Scotiabank cut shares of Converge Technology Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$5.86.

Converge Technology Solutions Stock Down 0.8 %

Shares of CTS traded down C$0.03 during midday trading on Thursday, hitting C$3.60. The stock had a trading volume of 584,318 shares, compared to its average volume of 543,198. The company has a debt-to-equity ratio of 99.08, a current ratio of 1.00 and a quick ratio of 0.68. The firm has a market cap of C$702.72 million, a price-to-earnings ratio of -4.58, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81. The company has a 50 day simple moving average of C$4.10 and a two-hundred day simple moving average of C$4.45. Converge Technology Solutions has a twelve month low of C$2.90 and a twelve month high of C$6.06.

Insider Buying and Selling

In other news, Senior Officer Greg Berard purchased 10,105 shares of Converge Technology Solutions stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of C$4.42 per share, for a total transaction of C$44,684.31. 5.97% of the stock is owned by insiders.

Converge Technology Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 28th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.015 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.06 annualized dividend and a dividend yield of 1.67%. Converge Technology Solutions's dividend payout ratio is currently -7.50%.

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.