Echelon Wealth Partners Weighs in on Converge Technology Solutions Corp.’s FY2022 Earnings (TSE:CTS)

Converge Technology Solutions Corp. (TSE:CTSGet Rating) – Investment analysts at Echelon Wealth Partners raised their FY2022 earnings per share (EPS) estimates for shares of Converge Technology Solutions in a research note issued to investors on Wednesday, November 9th. Echelon Wealth Partners analyst R. Goff now expects that the company will post earnings per share of $0.31 for the year, up from their prior estimate of $0.29. The consensus estimate for Converge Technology Solutions’ current full-year earnings is $0.66 per share. Echelon Wealth Partners also issued estimates for Converge Technology Solutions’ FY2025 earnings at $0.78 EPS and FY2026 earnings at $0.86 EPS.

Several other equities analysts also recently weighed in on CTS. TD Securities raised Converge Technology Solutions from a “hold” rating to a “buy” rating and dropped their target price for the company from C$8.50 to C$6.50 in a research report on Thursday. Cormark dropped their target price on Converge Technology Solutions from C$10.00 to C$8.00 in a research report on Thursday. National Bankshares dropped their target price on Converge Technology Solutions from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research report on Tuesday, November 1st. Scotiabank dropped their target price on Converge Technology Solutions from C$11.00 to C$10.00 in a research report on Friday. Finally, Eight Capital dropped their target price on Converge Technology Solutions from C$11.00 to C$10.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$10.17.

Converge Technology Solutions Trading Up 13.9 %

Shares of TSE:CTS opened at C$4.67 on Monday. The firm has a market cap of C$982.18 million and a P/E ratio of 42.45. The company has a quick ratio of 0.68, a current ratio of 0.84 and a debt-to-equity ratio of 63.41. The business’s 50-day simple moving average is C$5.95. Converge Technology Solutions has a 12-month low of C$3.95 and a 12-month high of C$12.65.

Converge Technology Solutions Company Profile

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Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.

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Earnings History and Estimates for Converge Technology Solutions (TSE:CTS)

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