Sangoma Technologies Co. Expected to Earn FY2024 Earnings of ($0.27) Per Share (CVE:STC)

Sangoma Technologies Co. (CVE:STC) – Research analysts at Cormark increased their FY2024 earnings per share (EPS) estimates for Sangoma Technologies in a note issued to investors on Thursday, September 12th. Cormark analyst G. Fairweather now anticipates that the company will post earnings of ($0.27) per share for the year, up from their previous forecast of ($0.28). The consensus estimate for Sangoma Technologies’ current full-year earnings is $0.01 per share. Cormark also issued estimates for Sangoma Technologies’ Q4 2024 earnings at ($0.04) EPS and FY2025 earnings at ($0.08) EPS.

Sangoma Technologies Stock Up 6.4 %

STC stock opened at C$3.99 on Monday. Sangoma Technologies has a 1-year low of C$2.53 and a 1-year high of C$5.50. The business has a fifty day moving average price of C$3.99 and a 200-day moving average price of C$3.99. The company has a debt-to-equity ratio of 23.80, a current ratio of 0.97 and a quick ratio of 0.69. The stock has a market capitalization of C$531.28 million and a P/E ratio of 997.50.

Insider Buying and Selling

In other Sangoma Technologies news, Senior Officer Nenad Corbic sold 3,500 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$7.23, for a total value of C$25,291.00.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.