Ventum Cap Mkts Has Negative View of TSE:CTS FY2025 Earnings

Converge Technology Solutions Corp. (TSE:CTS) – Equities research analysts at Ventum Cap Mkts decreased their FY2025 EPS estimates for shares of Converge Technology Solutions in a research note issued on Wednesday, November 13th. Ventum Cap Mkts analyst R. Goff now anticipates that the company will earn $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 have also recently commented on the company. Canaccord Genuity Group lowered their target price on Converge Technology Solutions from C$6.25 to C$6.00 in a research note on Friday, October 25th. Ventum Financial lowered their price objective on Converge Technology Solutions from C$6.20 to C$5.20 in a research report on Wednesday, November 13th. National Bank Financial cut shares of Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Cormark cut shares of Converge Technology Solutions from a “moderate buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, TD Securities reduced their price objective on shares of Converge Technology Solutions from C$5.00 to C$4.50 in a report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$5.86.

Converge Technology Solutions Stock Performance

TSE:CTS opened at C$3.36 on Monday. Converge Technology Solutions has a 52 week low of C$2.90 and a 52 week high of C$6.06. The company has a fifty day simple moving average of C$4.03 and a two-hundred day simple moving average of C$4.40. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 99.08. The company has a market cap of C$655.87 million, a price-to-earnings ratio of -4.20, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81.

Insider Transactions at Converge Technology Solutions

In other news, Senior Officer Greg Berard acquired 10,105 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of C$4.42 per share, with a total value of C$44,684.31. Insiders own 5.97% of the company’s stock.

Converge Technology Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 28th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, December 10th. Converge Technology Solutions’s payout ratio is -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.