Converge Technology Solutions (TSE:CTS – Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Converge Technology Solutions to post earnings of C$0.11 per share for the quarter.
Converge Technology Solutions (TSE:CTS – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.07. Converge Technology Solutions had a negative net margin of 0.05% and a negative return on equity of 1.03%. The business had revenue of C$651.09 million for the quarter, compared to the consensus estimate of C$712.08 million.
Converge Technology Solutions Trading Down 1.7 %
Shares of CTS stock opened at C$5.26 on Thursday. The company has a debt-to-equity ratio of 71.05, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a fifty day simple moving average of C$5.47 and a two-hundred day simple moving average of C$4.44. The firm has a market capitalization of C$1.07 billion, a PE ratio of -526.00, a PEG ratio of 0.14 and a beta of 1.91. Converge Technology Solutions has a 52-week low of C$2.24 and a 52-week high of C$6.06.
Converge Technology Solutions Announces Dividend
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CTS. Desjardins upped their target price on shares of Converge Technology Solutions from C$6.00 to C$7.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Echelon Wealth Partners boosted their target price on Converge Technology Solutions from C$5.80 to C$6.25 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. TD Securities increased their price target on Converge Technology Solutions from C$4.25 to C$6.00 and gave the company a “hold” rating in a research note on Thursday, March 7th. Scotiabank boosted their price target on shares of Converge Technology Solutions from C$7.00 to C$8.00 in a research report on Thursday, March 14th. Finally, Raymond James lifted their price objective on shares of Converge Technology Solutions from C$5.50 to C$6.50 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$6.47.
Read Our Latest Stock Report on Converge Technology Solutions
Insiders Place Their Bets
In other Converge Technology Solutions news, Senior Officer Greg Berard bought 8,775 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average price of C$5.80 per share, with a total value of C$50,895.00. Insiders bought a total of 11,590 shares of company stock valued at $66,944 over the last 90 days. Insiders own 5.83% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Converge Technology Solutions
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- AMD is Down 35%. Now is the Time to Buy the Dip
- How to Choose Top Rated Stocks
- Amazon Stands Tall: New Highs Are in Sight
- How to Calculate Inflation Rate
- Chesapeake Energy Stock is The Energy Play, Earnings Confirm
Receive News & Ratings for Converge Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Converge Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.