Converge Technology Solutions (CTS) Scheduled to Post Earnings on Wednesday

Converge Technology Solutions (TSE:CTSGet Free Report) is set to release its earnings data before the market opens on Wednesday, March 6th. Analysts expect Converge Technology Solutions to post earnings of C$0.12 per share for the quarter.

Converge Technology Solutions Trading Up 3.1 %

CTS opened at C$5.26 on Tuesday. Converge Technology Solutions has a 52 week low of C$2.24 and a 52 week high of C$5.33. The business has a fifty day simple moving average of C$4.34 and a 200-day simple moving average of C$3.62. The firm has a market cap of C$1.07 billion, a P/E ratio of -105.20, a P/E/G ratio of 0.14 and a beta of 1.91. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 75.63.

Converge Technology Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 28th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.76%. Converge Technology Solutions’s dividend payout ratio (DPR) is presently -80.00%.

Analyst Ratings Changes

A number of analysts have issued reports on CTS shares. Echelon Wealth Partners lifted their price target on Converge Technology Solutions from C$5.40 to C$5.80 and gave the stock a “speculative buy” rating in a report on Wednesday, January 31st. CIBC lifted their price target on Converge Technology Solutions from C$4.00 to C$4.50 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Desjardins lifted their price target on Converge Technology Solutions from C$5.00 to C$6.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Canaccord Genuity Group cut their target price on Converge Technology Solutions from C$6.00 to C$5.00 and set a “speculative buy” rating on the stock in a research report on Wednesday, November 15th. Finally, TD Securities lifted their target price on Converge Technology Solutions from C$3.50 to C$4.25 and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$5.63.

Read Our Latest Analysis on Converge Technology Solutions

Converge Technology Solutions Company Profile

(Get Free Report)

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.

See Also

Earnings History for Converge Technology Solutions (TSE:CTS)

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