Computer Task Group, Incorporated (NASDAQ:CTG) Expected to Announce Earnings of $0.13 Per Share

Wall Street brokerages predict that Computer Task Group, Incorporated (NASDAQ:CTG – Get Rating) will announce earnings per share of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Computer Task Group’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.12. Computer Task Group also reported earnings per share of $0.13 during the same quarter last year. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Computer Task Group will report full year earnings of $0.69 per share for the current year. For the next financial year, analysts forecast that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.83 to $0.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Computer Task Group.

Computer Task Group (NASDAQ:CTG – Get Rating) last announced its earnings results on Tuesday, February 22nd. The information technology services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. Computer Task Group had a return on equity of 11.20% and a net margin of 3.50%. The firm had revenue of $112.39 million for the quarter, compared to the consensus estimate of $112.66 million. During the same quarter in the previous year, the business earned $0.14 EPS.

A number of equities analysts recently issued reports on CTG shares. Zacks Investment Research cut Computer Task Group from a “hold” rating to a “sell” rating in a report on Thursday, March 10th. StockNews.com started coverage on Computer Task Group in a report on Monday. They issued a “buy” rating on the stock.

Shares of NASDAQ CTG traded up $0.04 during mid-day trading on Tuesday, reaching $10.01. The company had a trading volume of 14,563 shares, compared to its average volume of 28,294. The stock has a market cap of $153.56 million, a PE ratio of 11.00, a P/E/G ratio of 0.72 and a beta of 0.74. The company has a 50-day moving average price of $9.12 and a two-hundred day moving average price of $8.73. Computer Task Group has a 1-year low of $6.77 and a 1-year high of $11.68.

Hedge funds have recently modified their holdings of the company. Knightsbridge Asset Management LLC raised its holdings in shares of Computer Task Group by 6.0% in the 3rd quarter. Knightsbridge Asset Management LLC now owns 30,110 shares of the information technology services provider’s stock worth $240,000 after buying an additional 1,710 shares in the last quarter. Millennium Management LLC grew its position in Computer Task Group by 15.0% during the 2nd quarter. Millennium Management LLC now owns 13,655 shares of the information technology services provider’s stock worth $132,000 after acquiring an additional 1,779 shares during the last quarter. BlackRock Inc. grew its position in Computer Task Group by 0.6% during the 4th quarter. BlackRock Inc. now owns 283,494 shares of the information technology services provider’s stock worth $2,826,000 after acquiring an additional 1,827 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Computer Task Group by 15.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,735 shares of the information technology services provider’s stock worth $110,000 after acquiring an additional 1,839 shares during the last quarter. Finally, Fosun International Ltd grew its position in Computer Task Group by 3.6% during the 4th quarter. Fosun International Ltd now owns 56,837 shares of the information technology services provider’s stock worth $544,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 53.52% of the company’s stock.

Computer Task Group Company Profile (Get Rating)

Computer Task Group, Inc engages in the provision of information technology solutions and staffing services. The firm’s services encompass the information technology business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the information technology solution.

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