October 6, 2022

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Equities Analysts Set Expectations for Converge Technology Solutions Corp.’s FY2022 Earnings (TSE:CTS)

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Converge Know-how Alternatives Corp. (TSE:CTSGet Ranking) – Analysts at Cormark minimized their FY2022 earnings estimates for shares of Converge Technology Methods in a analysis report issued to clientele and investors on Monday, June 27th. Cormark analyst G. Fairweather now expects that the company will submit earnings for each share of $.30 for the 12 months, down from their prior estimate of $.35. Cormark has a “NA” ranking and a $10.00 price tag goal on the inventory. The consensus estimate for Converge Technology Solutions’ latest complete-12 months earnings is $.68 for each share.

Other equities exploration analysts have also issued stories about the stock. Echelon Prosperity Partners reaffirmed a “buy” ranking and set a C$14.50 cost goal on shares of Converge Technological innovation Remedies in a report on Thursday, April 7th. Canaccord Genuity Team lower their price tag goal on shares of Converge Technological innovation Answers from C$14.50 to C$12.00 in a report on Thursday, May 12th. TD Securities cut their cost aim on shares of Converge Technologies Remedies from C$12.00 to C$8.50 and set a “hold” ranking for the enterprise in a report on Thursday, Might 12th. CIBC slice their price aim on shares of Converge Technology Answers from C$11.00 to C$7.00 in a report on Tuesday, June 14th. Eventually, National Bankshares set a C$14.00 rate objective on shares of Converge Technological innovation Options and gave the enterprise an “outperform” ranking in a report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and 7 have supplied a invest in rating to the inventory. In accordance to MarketBeat.com, Converge Technological know-how Remedies presently has a consensus rating of “Moderate Buy” and a consensus value target of C$12.02.

Shares of CTS opened at C$5.30 on Tuesday. The business has a debt-to-equity ratio of 28.01, a recent ratio of 1.14 and a brief ratio of .89. Converge Engineering Options has a 1 12 months small of C$5.10 and a 1 year substantial of C$13.09. The enterprise has a 50 day easy relocating typical of C$6.49 and a two-hundred day uncomplicated transferring typical of C$7.40. The firm has a sector cap of C$1.14 billion and a P/E ratio of 106.00.

Converge Technology Answers (TSE:CTSGet Rating) past launched its earnings results on Tuesday, Could 10th. The corporation claimed C$.10 EPS for the quarter, topping analysts’ consensus estimates of C$.06 by C$.04. The agency experienced revenue of C$550.04 million for the quarter, when compared to the consensus estimate of C$497.63 million.

Converge Know-how Alternatives Business Profile (Get Ranking)

Converge Know-how Remedies Corp., through its subsidiaries, distributes storage products and methods, personal computer goods, computer software, and peripherals. The company also delivers installation and routine maintenance analytics, hybrid cloud, infrastructure, and cybersecurity services cloud supply, compute performance, community optimization, and IT commit optimization remedies and IT experienced services, this kind of as facts center infrastructure integration and solutioning, and cloud optimization.

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



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