National Bank Financial Estimates TSE:CTS FY2024 Earnings

Converge Technology Solutions Corp. (TSE:CTS - Free Report) - Equities researchers at National Bank Financial boosted their FY2024 earnings estimates for Converge Technology Solutions in a report released on Tuesday, November 12th. National Bank Financial analyst J. Shao now expects that the company will earn $0.54 per share for the year, up from their prior forecast of $0.52. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for Converge Technology Solutions' current full-year earnings is $0.69 per share. National Bank Financial also issued estimates for Converge Technology Solutions' FY2025 earnings at $0.59 EPS.

A number of other equities research analysts have also issued reports on CTS. TD Securities dropped their price objective on shares of Converge Technology Solutions from C$5.00 to C$4.50 in a report on Wednesday. Raymond James lowered their target price on shares of Converge Technology Solutions from C$6.50 to C$4.50 in a research note on Friday, October 25th. Cormark lowered shares of Converge Technology Solutions from a "moderate buy" rating to a "hold" rating in a research note on Friday, October 25th. Scotiabank lowered shares of Converge Technology Solutions from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Ventum Financial reduced their price target on shares of Converge Technology Solutions from C$6.20 to C$5.20 in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Converge Technology Solutions has a consensus rating of "Moderate Buy" and an average target price of C$5.86.

Converge Technology Solutions Price Performance

Shares of Converge Technology Solutions stock traded down C$0.05 during trading hours on Friday, reaching C$3.55. 686,304 shares of the company's stock were exchanged, compared to its average volume of 543,845. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 99.08. Converge Technology Solutions has a 1 year low of C$2.90 and a 1 year high of C$6.06. The business has a fifty day moving average of C$4.09 and a two-hundred day moving average of C$4.44. The company has a market capitalization of C$692.96 million, a P/E ratio of -4.50, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81.

Insider Buying and Selling at Converge Technology Solutions

In other Converge Technology Solutions news, Senior Officer Greg Berard bought 10,105 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of C$4.42 per share, with a total value 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 $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, December 10th. Converge Technology Solutions's dividend payout ratio (DPR) is -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.