$0.13 Earnings Per Share Expected for ConvergeOne Holdings (CVON) This Quarter

Equities analysts expect that ConvergeOne Holdings (NASDAQ:CVON) will announce earnings per share (EPS) of $0.13 for the current quarter, Zacks reports. Two analysts have issued estimates for ConvergeOne’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.13. The business is expected to issue its next earnings report on Tuesday, June 19th.

On average, analysts expect that ConvergeOne will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.05. For the next year, analysts forecast that the company will post earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.16. Zacks’ EPS averages are an average based on a survey of analysts that cover ConvergeOne.

ConvergeOne (NASDAQ:CVON) last announced its quarterly earnings data on Tuesday, March 20th. The company reported $0.19 earnings per share for the quarter. The business had revenue of $299.23 million during the quarter.

A number of brokerages have weighed in on CVON. ValuEngine lowered ConvergeOne from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Raymond James started coverage on ConvergeOne in a research note on Wednesday, April 11th. They set a “market perform” rating on the stock. William Blair started coverage on ConvergeOne in a research note on Monday, March 19th. They set an “outperform” rating on the stock. Needham & Company LLC started coverage on ConvergeOne in a research note on Monday, March 19th. They set a “buy” rating and a $12.00 price target on the stock. Finally, BTIG Research started coverage on ConvergeOne in a research note on Wednesday, March 21st. They set a “buy” rating and a $12.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $12.00.

CVON traded down $0.11 during trading on Friday, reaching $8.74. The company’s stock had a trading volume of 34,130 shares, compared to its average volume of 29,608. ConvergeOne has a 52-week low of $7.95 and a 52-week high of $10.83. The firm has a market capitalization of $1,978.64 and a PE ratio of 23.00.

In other news, Director Richard Katzman purchased 125,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of $8.00 per share, with a total value of $1,000,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

COPYRIGHT VIOLATION WARNING: This article was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.wkrb13.com/2018/04/21/0-13-earnings-per-share-expected-for-convergeone-holdings-cvon-this-quarter.html.

About ConvergeOne

ConvergeOne Holdings, Inc provides collaboration and technology solutions for large and medium enterprises. It offers cloud solutions, such as C1CX, a collaboration solution spanning unified communications and contact centers with software applications, integration, and professional services; hosted collaboration solutions; and any communications as a service solution.

Get a free copy of the Zacks research report on ConvergeOne (CVON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ConvergeOne (NASDAQ:CVON)

Receive News & Ratings for ConvergeOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConvergeOne and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply