Q2 2022 EPS Estimates for Converge Technology Solutions Corp. Reduced by Raymond James (TSE:CTS)

Converge Technology Solutions Corp. (TSE:CTS – Get Rating) – Analysts at Raymond James cut their Q2 2022 earnings per share (EPS) estimates for shares of Converge Technology Solutions in a research note issued on Wednesday, May 11th. Raymond James analyst S. Li now expects that the company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.13. Raymond James currently has a “Outperform” rating and a $12.50 target price on the stock. Raymond James also issued estimates for Converge Technology Solutions’ Q3 2022 earnings at $0.09 EPS and Q4 2022 earnings at $0.13 EPS.

Several other research firms have also issued reports on CTS. CIBC decreased their price target on shares of Converge Technology Solutions from C$12.50 to C$11.00 in a research report on Monday, January 31st. Desjardins reiterated a “buy” rating on shares of Converge Technology Solutions in a research report on Wednesday, March 23rd. National Bankshares set a C$14.00 target price on shares of Converge Technology Solutions and gave the company an “outperform” rating in a research report on Wednesday, April 27th. National Bank Financial reiterated an “outperfrom under weight” rating on shares of Converge Technology Solutions in a research report on Tuesday, April 26th. Finally, Echelon Wealth Partners reissued a “buy” rating and set a C$14.50 price target on shares of Converge Technology Solutions in a report on Thursday, April 7th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Converge Technology Solutions presently has an average rating of “Buy” and an average price target of C$13.27.

TSE CTS opened at C$6.71 on Thursday. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.32 and a quick ratio of 1.12. The firm has a market capitalization of C$1.44 billion and a price-to-earnings ratio of 83.88. The company’s fifty day moving average is C$8.10 and its two-hundred day moving average is C$8.19. Converge Technology Solutions has a 52-week low of C$6.41 and a 52-week high of C$13.09.

Converge Technology Solutions Company Profile (Get Rating)

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization.

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