FY2024 Earnings Estimate for Converge Technology Solutions Corp. Issued By Echelon Wealth Partners (TSE:CTS)

ByPhyllis R. Edwards

Jun 20, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


Converge Technologies Solutions Corp. (TSE:CTSGet Rating) – Equities scientists at Echelon Prosperity Associates improved their FY2024 earnings estimates for Converge Technological innovation Alternatives in a research report issued on Thursday, June 16th. Echelon Prosperity Partners analyst R. Goff now expects that the enterprise will get paid $.69 for each share for the calendar year, up from their past estimate of $.52. Echelon Prosperity Companions has a “Buy” rating and a $14.50 price tag goal on the inventory. The consensus estimate for Converge Engineering Solutions’ present whole-12 months earnings is $.68 per share. Echelon Wealth Companions also issued estimates for Converge Technological innovation Solutions’ FY2025 earnings at $.84 EPS and FY2026 earnings at $1.01 EPS.

Converge Technology Answers (TSE:CTSGet Rating) final issued its quarterly earnings outcomes on Tuesday, May well 10th. The business described C$.10 EPS for the quarter, topping the consensus estimate of C$.06 by C$.04. The enterprise had revenue of C$550.04 million for the quarter, in contrast to analyst estimates of C$497.63 million.

Other equities investigate analysts have also issued investigate reports about the inventory. Countrywide Bankshares set a C$14.00 selling price aim on shares of Converge Technology Remedies and gave the stock an “outperform” ranking in a investigation report on Wednesday, April 27th. CIBC decreased their goal selling price on shares of Converge Technological innovation Methods from C$11.00 to C$7.00 in a investigation observe on Tuesday, June 14th. Berenberg Lender lessened their cost objective on shares of Converge Engineering Alternatives from C$18.25 to C$14.00 in a analysis notice on Tuesday, May perhaps 31st. Canaccord Genuity Group reduced their value aim on shares of Converge Technological know-how Options from C$14.50 to C$12.00 in a research take note on Thursday, Might 12th. Eventually, Raymond James established a C$12.50 price goal on shares of Converge Technological innovation Options and gave the company an “outperform” rating in a exploration observe on Thursday, Could 12th. Two analysts have rated the inventory with a hold score and 8 have presented a purchase ranking to the company’s inventory. In accordance to knowledge from MarketBeat.com, the stock at this time has a consensus rating of “Buy” and a consensus focus on price tag of C$12.38.

Converge Technological know-how Methods stock opened at C$5.79 on Monday. Converge Technological innovation Alternatives has a 52-7 days lower of C$5.64 and a 52-week high of C$13.09. The business has a fifty working day moving common of C$6.93 and a 200-working day transferring normal of C$7.69. The firm has a market capitalization of C$1.24 billion and a P/E ratio of 120.63. The corporation has a swift ratio of .89, a current ratio of 1.14 and a personal debt-to-equity ratio of 28.01.

About Converge Technological innovation Answers (Get Score)

Converge Know-how Solutions Corp., by its subsidiaries, distributes storage equipment and techniques, laptop or computer solutions, program, and peripherals. The firm also provides set up and upkeep analytics, hybrid cloud, infrastructure, and cybersecurity solutions cloud shipping and delivery, compute effectiveness, community optimization, and IT shell out optimization solutions and IT expert services, these kinds of as data heart 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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