Analysts expect that Computer Task Group, Inc. (NASDAQ:CTG) will report earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Computer Task Group’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.09. Computer Task Group posted earnings per share of $0.08 in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The firm is scheduled to report its next earnings results on Thursday, July 18th.
On average, analysts expect that Computer Task Group will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.32 to $0.35. For the next fiscal year, analysts expect that the firm will post earnings of $0.40 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Computer Task Group.
Computer Task Group (NASDAQ:CTG) last issued its earnings results on Thursday, April 18th. The information technology services provider reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The business had revenue of $97.24 million for the quarter, compared to analyst estimates of $93.63 million. Computer Task Group had a negative net margin of 0.76% and a positive return on equity of 4.77%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Minerva Advisors LLC grew its position in shares of Computer Task Group by 6.6% in the fourth quarter. Minerva Advisors LLC now owns 1,233,160 shares of the information technology services provider’s stock valued at $5,031,000 after purchasing an additional 76,412 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Computer Task Group by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 988,568 shares of the information technology services provider’s stock valued at $5,160,000 after buying an additional 31,957 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Computer Task Group by 19.8% in the 4th quarter. BlackRock Inc. now owns 387,098 shares of the information technology services provider’s stock valued at $1,580,000 after buying an additional 64,107 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Computer Task Group by 85.1% in the 4th quarter. Ancora Advisors LLC now owns 278,986 shares of the information technology services provider’s stock valued at $1,138,000 after buying an additional 128,228 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Computer Task Group by 3.4% in the 4th quarter. Acadian Asset Management LLC now owns 265,873 shares of the information technology services provider’s stock valued at $1,084,000 after buying an additional 8,717 shares in the last quarter. Hedge funds and other institutional investors own 49.44% of the company’s stock.
Shares of NASDAQ:CTG traded up $0.07 during trading on Friday, reaching $4.25. 19,780 shares of the company were exchanged, compared to its average volume of 20,161. The firm has a market cap of $60.53 million, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.83 and a beta of 0.49. Computer Task Group has a 12-month low of $3.85 and a 12-month high of $9.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.17 and a current ratio of 2.17.
Computer Task Group Company Profile
Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services company in North America, Europe, and India. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services.
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