Ventum Cap Mkts Forecasts TSE:CTS FY2025 Earnings

Converge Technology Solutions Corp. (TSE:CTS - Free Report) - Equities research analysts at Ventum Cap Mkts lowered their FY2025 earnings per share estimates for Converge Technology Solutions in a report released on Wednesday, November 13th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will post earnings per share of $0.35 for the year, down from their prior estimate of $0.59. The consensus estimate for Converge Technology Solutions' current full-year earnings is $0.69 per share. Ventum Cap Mkts also issued estimates for Converge Technology Solutions' FY2026 earnings at $0.49 EPS and FY2027 earnings at $0.66 EPS.

A number of other equities research analysts also recently weighed in on the stock. CIBC reduced 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. Ventum Financial lowered their price target on shares of Converge Technology Solutions from C$6.20 to C$5.20 in a report on Wednesday, November 13th. Canaccord Genuity Group reduced their price objective on Converge Technology Solutions from C$6.25 to C$6.00 in a research report on Friday, October 25th. TD Securities lowered their price objective on Converge Technology Solutions from C$5.00 to C$4.50 in a research note on Wednesday, November 13th. Finally, National Bank Financial downgraded shares of Converge Technology Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$5.86.

Converge Technology Solutions Price Performance

TSE:CTS traded up C$0.03 during trading hours on Monday, hitting C$3.58. The company's stock had a trading volume of 416,500 shares, compared to its average volume of 543,276. Converge Technology Solutions has a twelve month low of C$2.90 and a twelve month high of C$6.06. 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 stock has a fifty day simple moving average of C$4.05 and a 200-day simple moving average of C$4.41. The company has a market capitalization of C$698.82 million, a P/E ratio of -4.48, a PEG ratio of 0.14 and a beta of 1.81.

Insider Activity

In related news, Senior Officer Greg Berard bought 10,105 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of C$4.42 per share, for a total transaction of C$44,684.31. 5.97% of the stock is owned by company insiders.

Converge Technology Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 28th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.06 dividend on an annualized basis and a yield of 1.68%. Converge Technology Solutions's payout ratio is currently -7.50%.

Converge Technology Solutions Company Profile

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.