October 6, 2022


Software Development

FY2022 EPS Estimates for Converge Technology Solutions Corp. (TSE:CTS) Reduced by Analyst


Converge Know-how Remedies Corp. (TSE:CTSGet Ranking) – Equities scientists at Cormark diminished their FY2022 earnings estimates for Converge Technology Methods in a exploration report issued to customers and investors on Monday, June 27th. Cormark analyst G. Fairweather now forecasts that the corporation will receive $.30 per share for the 12 months, down from their preceding forecast of $.35. Cormark at this time has a “NA” score and a $10.00 focus on value on the inventory. The consensus estimate for Converge Engineering Solutions’ current complete-calendar year earnings is $.68 per share.

A range of other equities research analysts have also lately commented on the stock. Laurentian Lender of Canada restated a “buy” score and issued a C$11.00 price concentrate on on shares of Converge Technology Answers in a report on Tuesday, June 21st. Nationwide Bankshares set a C$14.00 value concentrate on on shares of Converge Technology Options and gave the stock an “outperform” score in a report on Wednesday, April 27th. Raymond James set a C$12.50 value concentrate on on shares of Converge Engineering Answers and gave the stock an “outperform” score in a report on Thursday, Could 12th. Echelon Prosperity Companions restated a “buy” score and issued a C$14.50 selling price target on shares of Converge Technological innovation Remedies in a report on Thursday, April 7th. Lastly, CIBC minimized their price tag target on shares of Converge Know-how Remedies from C$11.00 to C$7.00 in a report on Tuesday, June 14th. Two analysts have rated the stock with a keep rating and 7 have assigned a buy score to the company’s inventory. In accordance to MarketBeat.com, the organization now has an regular ranking of “Moderate Buy” and an typical goal value of C$12.02.

TSE:CTS opened at C$5.30 on Tuesday. The corporation has a recent ratio of 1.14, a quick ratio of .89 and a credit card debt-to-equity ratio of 28.01. The stock has a market capitalization of C$1.14 billion and a selling price-to-earnings ratio of 106.00. The agency has a fifty day basic transferring ordinary of C$6.49 and a two-hundred working day simple going common of C$7.40. Converge Technology Answers has a 12 month minimal of C$5.10 and a 12 thirty day period higher of C$13.09.

Converge Know-how Methods (TSE:CTSGet Ranking) very last posted its quarterly earnings knowledge on Tuesday, Could 10th. The corporation claimed C$.10 earnings for each share for the quarter, topping the consensus estimate of C$.06 by C$.04. The company had earnings of C$550.04 million for the quarter, when compared to analyst estimates of C$497.63 million.

Converge Technological know-how Solutions Business Profile (Get Ranking)

Converge Engineering Answers Corp., through its subsidiaries, distributes storage devices and units, personal computer goods, software package, and peripherals. The organization also provides set up and maintenance analytics, hybrid cloud, infrastructure, and cybersecurity products and services cloud shipping, compute effectiveness, community optimization, and IT expend optimization remedies and IT expert expert services, this sort of as knowledge centre 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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