June 28, 2022

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Software Development

Converge Technology Solutions Corp. (TSE:CTS) Expected to Earn FY2024 Earnings of $0.69 Per Share



Converge Engineering Answers Corp. (TSE:CTSGet Rating) – Research analysts at Echelon Wealth Companions upped their FY2024 EPS estimates for Converge Engineering Solutions in a investigation observe issued to investors on Thursday, June 16th. Echelon Prosperity Associates analyst R. Goff now anticipates that the corporation will article earnings of $.69 for every share for the 12 months, up from their prior forecast of $.52. Echelon Wealth Associates presently has a “Buy” score and a $14.50 price concentrate on on the inventory. The consensus estimate for Converge Technologies Solutions’ latest entire-12 months earnings is $.68 per share. Echelon Prosperity Associates also issued estimates for Converge Know-how Solutions’ FY2025 earnings at $.84 EPS and FY2026 earnings at $1.01 EPS.

Converge Technological innovation Answers (TSE:CTSGet Rating) very last issued its quarterly earnings final results on Tuesday, Could 10th. The enterprise reported C$.10 EPS for the quarter, topping the consensus estimate of C$.06 by C$.04. The organization experienced revenue of C$550.04 million during the quarter, in contrast to the consensus estimate of C$497.63 million.

CTS has been the subject matter of a selection of other study reviews. Berenberg Financial institution dropped their price tag goal on Converge Technologies Solutions from C$18.25 to C$14.00 in a research be aware on Tuesday, May 31st. National Bankshares established a C$14.00 value target on Converge Technologies Alternatives and gave the inventory an “outperform” ranking in a report on Wednesday, April 27th. Canaccord Genuity Team slice their focus on selling price on Converge Technology Alternatives from C$14.50 to C$12.00 in a research be aware on Thursday, May perhaps 12th. National Financial institution Monetary restated an “outperfrom underneath weight” score on shares of Converge Engineering Alternatives in a report on Tuesday, April 26th. Finally, Raymond James set a C$12.50 concentrate on value on Converge Technology Methods and gave the business an “outperform” rating in a investigation be aware on Thursday, May possibly 12th. Two analysis analysts have rated the inventory with a maintain ranking and 8 have assigned a get score to the company’s inventory. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an ordinary concentrate on cost of C$12.38.

Shares of CTS opened at C$5.79 on Monday. The business’s 50-day going typical price is C$6.93 and its 200 day going regular price tag is C$7.69. The stock has a marketplace capitalization of C$1.24 billion and a P/E ratio of 120.63. Converge Technological know-how Remedies has a 1-year lower of C$5.64 and a 1-calendar year higher of C$13.09. The firm has a recent ratio of 1.14, a speedy ratio of .89 and a credit card debt-to-fairness ratio of 28.01.

About Converge Technological innovation Answers (Get Ranking)

Converge Engineering Alternatives Corp., as a result of its subsidiaries, distributes storage devices and units, personal computer solutions, application, and peripherals. The company also delivers installation and upkeep analytics, hybrid cloud, infrastructure, and cybersecurity companies cloud shipping and delivery, compute effectiveness, community optimization, and IT shell out optimization options and IT experienced solutions, this kind of as facts heart infrastructure integration and solutioning, and cloud optimization.

Even further Reading

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



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