FY2026 Earnings Estimate for TSE:CTS Issued By Cormark

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

CTS has been the subject of a number of other reports. CIBC cut their target price on Converge Technology Solutions from C$5.00 to C$4.00 in a research note on Friday, October 25th. Raymond James reduced their price objective on shares of Converge Technology Solutions from C$6.50 to C$4.50 in a report on Friday, October 25th. National Bankshares cut shares of Converge Technology Solutions from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$6.00 to C$4.50 in a research note on Friday, October 25th. National Bank Financial cut shares of Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Ventum Financial decreased their price objective on Converge Technology Solutions from C$6.20 to C$5.20 in a report on Wednesday. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Converge Technology Solutions currently has a consensus rating of “Moderate Buy” and an average target price of C$5.86.

Converge Technology Solutions Stock Performance

Converge Technology Solutions stock traded up C$0.03 during trading hours on Thursday, hitting C$3.66. The stock had a trading volume of 48,140 shares, compared to its average volume of 540,593. Converge Technology Solutions has a fifty-two week low of C$2.90 and a fifty-two week high of C$6.06. The company has a market cap of C$714.43 million, a PE ratio of -4.54, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81. The company has a 50-day moving average of C$4.10 and a two-hundred day moving average of C$4.45. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 99.08.

Converge Technology Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 28th. Shareholders of record on Tuesday, December 10th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. Converge Technology Solutions’s dividend payout ratio is currently -7.50%.

Insider Transactions at Converge Technology Solutions

In related news, Senior Officer Greg Berard acquired 10,105 shares of the stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price 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 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.