What is Cormark’s Estimate for TSE:CTS FY2026 Earnings?

Converge Technology Solutions Corp. (TSE:CTS) – Equities researchers at Cormark issued their FY2026 earnings per share estimates for Converge Technology Solutions in a note issued to investors on Wednesday, November 13th. Cormark analyst G. Fairweather expects that the company will earn $0.69 per share for the year. Cormark has a “Hold” rating on the stock. The consensus estimate for Converge Technology Solutions’ current full-year earnings is $0.69 per share.

A number of other research firms have also recently commented on CTS. Raymond James reduced their price objective on shares of Converge Technology Solutions from C$6.50 to C$4.50 in a research report on Friday, October 25th. Scotiabank downgraded shares of Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Canaccord Genuity Group lowered their price target on shares of Converge Technology Solutions from C$6.25 to C$6.00 in a report on Friday, October 25th. National Bank Financial downgraded shares of Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Ventum Financial decreased their target price on Converge Technology Solutions from C$6.20 to C$5.20 in a research report on Wednesday. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$5.86.

Converge Technology Solutions Stock Down 1.4 %

CTS stock opened at C$3.55 on Thursday. Converge Technology Solutions has a 1-year low of C$2.90 and a 1-year high of C$6.06. The business’s 50 day simple moving average is C$4.07 and its 200 day simple moving average is C$4.44. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 99.08. The firm has a market capitalization of C$692.96 million, a PE ratio of -4.44, a PEG ratio of 0.14 and a beta of 1.81.

Insider Transactions at Converge Technology Solutions

In other Converge Technology Solutions news, Senior Officer Greg Berard bought 10,105 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of C$4.42 per share, for a total transaction of C$44,684.31. Company insiders own 5.97% of the company’s stock.

Converge Technology Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 28th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.69%. Converge Technology Solutions’s payout ratio is presently -7.50%.

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.