Converge Technology Solutions (TSE:CTS – Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.12 per share for the quarter.
Converge Technology Solutions (TSE:CTS – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.11. Converge Technology Solutions had a negative return on equity of 1.08% and a negative net margin of 0.05%. The firm had revenue of C$628.77 million during the quarter, compared to the consensus estimate of C$661.10 million.
Converge Technology Solutions Stock Up 4.0 %
TSE:CTS traded up C$0.16 on Tuesday, hitting C$4.16. 389,648 shares of the company’s stock traded hands, compared to its average volume of 485,685. The firm has a 50-day moving average price of C$4.47 and a 200-day moving average price of C$4.91. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 58.49. The company has a market cap of C$831.46 million, a PE ratio of -401.00, a price-to-earnings-growth ratio of 0.14 and a beta of 1.93. Converge Technology Solutions has a 1 year low of C$2.24 and a 1 year high of C$6.06.
Converge Technology Solutions Increases Dividend
Analyst Upgrades and Downgrades
CTS has been the topic of a number of recent research reports. Ventum Cap Mkts upgraded Converge Technology Solutions to a “strong-buy” rating in a research note on Tuesday, June 25th. National Bankshares boosted their target price on Converge Technology Solutions from C$6.00 to C$7.00 in a report on Friday, May 10th. Finally, Cormark dropped their price objective on Converge Technology Solutions from C$7.00 to C$6.50 in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Converge Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of C$6.63.
View Our Latest Analysis on Converge Technology Solutions
Insider Buying and Selling at Converge Technology Solutions
In related news, Senior Officer Greg Berard acquired 8,197 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of C$4.68 per share, with a total value of C$38,361.96. In other news, Senior Officer Avjit Kamboj sold 30,600 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$4.41, for a total value of C$134,946.00. Also, Senior Officer Greg Berard bought 8,197 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of C$4.68 per share, for a total transaction of C$38,361.96. Insiders own 5.45% of the company’s stock.
Converge Technology Solutions Company Profile
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.
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