Computer Task Group, Inc. (NASDAQ:CTG) Expected to Announce Earnings of $0.08 Per Share

Brokerages predict that Computer Task Group, Inc. (NASDAQ:CTG) will announce earnings of $0.08 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Computer Task Group’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.09. Computer Task Group also posted earnings per share of $0.08 in the same quarter last year. The company is scheduled to report its next quarterly earnings results on Thursday, July 18th.

On average, analysts expect that Computer Task Group will report full-year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.32 to $0.34. For the next fiscal year, analysts forecast that the business will report earnings of $0.41 per share, with EPS estimates ranging from $0.40 to $0.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Computer Task Group.

Computer Task Group (NASDAQ:CTG) last posted its earnings results on Thursday, April 18th. The information technology services provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Computer Task Group had a positive return on equity of 5.07% and a negative net margin of 0.67%. The business had revenue of $97.24 million during the quarter, compared to the consensus estimate of $93.63 million.

Several equities analysts recently issued reports on CTG shares. Barrington Research set a $7.00 price target on Computer Task Group and gave the company a “buy” rating in a research report on Tuesday, February 26th. Zacks Investment Research upgraded Computer Task Group from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. B. Riley set a $8.00 price target on Computer Task Group and gave the company a “buy” rating in a research report on Monday, April 22nd. ValuEngine cut Computer Task Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, TheStreet upgraded Computer Task Group from a “d+” rating to a “c-” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.00.

A number of hedge funds have recently modified their holdings of the stock. Fosun International Ltd acquired a new position in Computer Task Group during the 1st quarter worth approximately $98,000. Gabelli Funds LLC acquired a new position in Computer Task Group during the 1st quarter worth approximately $108,000. Alambic Investment Management L.P. acquired a new position in Computer Task Group during the 4th quarter worth approximately $235,000. Municipal Employees Retirement System of Michigan acquired a new position in Computer Task Group during the 4th quarter worth approximately $432,000. Finally, Acadian Asset Management LLC increased its position in Computer Task Group by 3.4% during the 4th quarter. Acadian Asset Management LLC now owns 265,873 shares of the information technology services provider’s stock worth $1,084,000 after purchasing an additional 8,717 shares during the period. Hedge funds and other institutional investors own 49.85% of the company’s stock.

Computer Task Group stock opened at $4.08 on Friday. The stock has a market cap of $57.04 million, a P/E ratio of 17.00, a P/E/G ratio of 0.81 and a beta of 0.57. Computer Task Group has a fifty-two week low of $3.85 and a fifty-two week high of $8.30. The firm has a 50-day moving average price of $4.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.93 and a quick ratio of 1.93.

About Computer Task Group

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.

Read More: Why is the LIBOR significant?

Get a free copy of the Zacks research report on Computer Task Group (CTG)

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

Earnings History and Estimates for Computer Task Group (NASDAQ:CTG)

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