FY2025 EPS Estimates for TSE:CTS Decreased by Analyst

Converge Technology Solutions Corp. (TSE:CTS) – Stock analysts at Ventum Cap Mkts dropped their FY2025 EPS estimates for Converge Technology Solutions in a note issued to investors on Wednesday, November 13th. Ventum Cap Mkts analyst R. Goff now forecasts that the company will earn $0.35 per share 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.

Other equities analysts have also recently issued research reports about the stock. 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 downgraded shares of Converge Technology Solutions from a “moderate buy” rating to a “hold” rating in a research report 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. CIBC dropped their price target on Converge Technology Solutions from C$5.00 to C$4.00 in a research note on Friday, October 25th. Finally, National Bank Financial cut Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.86.

Converge Technology Solutions Price Performance

Shares of CTS opened at C$3.55 on Monday. The company has a market capitalization of C$692.96 million, a P/E ratio of -4.44, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81. 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 quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 99.08. The firm has a 50 day moving average of C$4.07 and a 200 day moving average of C$4.42.

Converge Technology Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 28th. Investors of record on Tuesday, December 10th will be given 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 1.69%. Converge Technology Solutions’s payout ratio is presently -7.50%.

Insider Buying and Selling

In other news, Senior Officer Greg Berard purchased 10,105 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of C$4.42 per share, with a total value of C$44,684.31. 5.97% of the stock is currently owned by company insiders.

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.