Converge Technology Solutions Corp. (TSE:CTS – Get Rating) – Investment analysts at Raymond James decreased their Q2 2023 earnings per share (EPS) estimates for Converge Technology Solutions in a report issued on Wednesday, May 10th. Raymond James analyst S. Li now anticipates that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.04. Raymond James has a “Outperform” rating and a $7.00 price target on the stock. The consensus estimate for Converge Technology Solutions’ current full-year earnings is $0.46 per share. Raymond James also issued estimates for Converge Technology Solutions’ Q3 2023 earnings at $0.00 EPS and FY2024 earnings at $0.13 EPS.
A number of other research analysts have also issued reports on CTS. Canaccord Genuity Group decreased their target price on Converge Technology Solutions from C$10.50 to C$8.50 in a research report on Wednesday, February 15th. Scotiabank decreased their target price on Converge Technology Solutions from C$8.00 to C$7.00 in a research report on Thursday, March 16th. BMO Capital Markets decreased their target price on Converge Technology Solutions from C$8.00 to C$7.50 in a research report on Wednesday, February 15th. National Bankshares decreased their target price on Converge Technology Solutions from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Friday, March 17th. Finally, Cormark decreased their target price on Converge Technology Solutions from C$9.00 to C$8.00 in a research report on Wednesday, February 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Converge Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of C$7.93.
Converge Technology Solutions Trading Down 6.0 %
Converge Technology Solutions (TSE:CTS – Get Rating) last released its quarterly earnings data on Wednesday, March 15th. The company reported C$0.16 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.09. Converge Technology Solutions had a return on equity of 3.57% and a net margin of 1.26%. The business had revenue of C$640.93 million for the quarter, compared to analyst estimates of C$772.43 million.
Converge Technology Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 9th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 8th.
Converge Technology Solutions Company Profile
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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