Ventum Cap Mkts Comments on TSE:CTS FY2025 Earnings

Converge Technology Solutions Corp. (TSE:CTS) – Analysts at Ventum Cap Mkts decreased their FY2025 earnings estimates for shares of Converge Technology Solutions in a research note issued on Wednesday, November 13th. Ventum Cap Mkts analyst R. Goff now forecasts that the company will post earnings of $0.35 per share for the year, down from their previous forecast 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.

Several other research analysts also recently weighed in on CTS. CIBC dropped their target price on Converge Technology Solutions from C$5.00 to C$4.00 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 report on Friday, October 25th. Scotiabank downgraded shares of Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. National Bankshares cut shares of Converge Technology Solutions from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$6.00 to C$4.50 in a report on Friday, October 25th. Finally, Canaccord Genuity Group dropped their price objective on shares of Converge Technology Solutions from C$6.25 to C$6.00 in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Converge Technology Solutions currently has an average rating of “Moderate Buy” and an average price target of C$5.86.

Converge Technology Solutions Price Performance

Shares of CTS opened at C$3.58 on Monday. The company has a 50 day moving average of C$4.05 and a two-hundred day moving average of C$4.41. The company has a market cap of C$698.82 million, a price-to-earnings ratio of -4.48, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81. 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 twelve month low of C$2.90 and a twelve month high of C$6.06.

Insider Buying and Selling

In related news, Senior Officer Greg Berard purchased 10,105 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought 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 insiders.

Converge Technology Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 28th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. Converge Technology Solutions’s dividend payout ratio (DPR) is presently -7.50%.

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.