Brokers Issue Forecasts for TSE:CTS FY2026 Earnings

Converge Technology Solutions Corp. (TSE:CTS) – Stock analysts at Cormark issued their FY2026 earnings estimates for Converge Technology Solutions in a research report issued on Wednesday, November 13th. Cormark analyst G. Fairweather forecasts that the company will post earnings of $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 equities analysts have also issued reports on the company. National Bank Financial lowered Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Ventum Financial decreased their target price on Converge Technology Solutions from C$6.20 to C$5.20 in a research note on Wednesday. CIBC dropped their price target on shares of Converge Technology Solutions from C$5.00 to C$4.00 in a research report on Friday, October 25th. National Bankshares lowered shares of Converge Technology Solutions from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$6.00 to C$4.50 in a research report on Friday, October 25th. Finally, Raymond James dropped their target price on shares of Converge Technology Solutions from C$6.50 to C$4.50 in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.86.

Converge Technology Solutions Stock Performance

CTS traded up C$0.03 during trading hours on Thursday, hitting C$3.66. The company’s stock had a trading volume of 48,140 shares, compared to its average volume of 540,593. The firm has a market capitalization of C$714.43 million, a PE ratio of -4.54, a PEG ratio of 0.14 and a beta of 1.81. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 99.08. 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 50-day simple moving average of C$4.10 and a 200 day simple moving average of C$4.45.

Insider Buying and Selling

In other news, Senior Officer Greg Berard purchased 10,105 shares of Converge Technology Solutions stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of C$4.42 per share, for a total transaction of C$44,684.31. 5.97% of the stock is owned by corporate insiders.

Converge Technology Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 28th. Stockholders 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 dividend yield of 1.64%. The ex-dividend date is Tuesday, December 10th. Converge Technology Solutions’s dividend payout ratio (DPR) 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.