Wall Street brokerages expect that Computer Task Group, Inc. (NASDAQ:CTG) will post $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Computer Task Group’s earnings. Computer Task Group posted earnings of $0.05 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.
According to Zacks, analysts expect that Computer Task Group will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.33. For the next financial year, analysts forecast that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.40 to $0.50. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Computer Task Group.
Computer Task Group (NASDAQ:CTG) last announced its quarterly earnings results on Thursday, July 19th. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. Computer Task Group had a return on equity of 4.78% and a net margin of 0.30%. The business had revenue of $92.67 million during the quarter, compared to analyst estimates of $88.06 million.
CTG has been the topic of a number of recent analyst reports. Barrington Research set a $9.00 price objective on Computer Task Group and gave the company a “buy” rating in a research note on Monday, July 23rd. Zacks Investment Research raised Computer Task Group from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Saturday, July 14th. Finally, ValuEngine downgraded Computer Task Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.00.
Shares of CTG stock traded down $0.05 during trading on Thursday, reaching $5.78. The company had a trading volume of 13,400 shares, compared to its average volume of 68,989. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.41 and a current ratio of 2.41. Computer Task Group has a one year low of $4.90 and a one year high of $9.62. The company has a market capitalization of $84.51 million, a price-to-earnings ratio of 26.27, a PEG ratio of 1.26 and a beta of 0.50.
Hedge funds have recently modified their holdings of the stock. Deutsche Bank AG increased its position in Computer Task Group by 35.6% in the 4th quarter. Deutsche Bank AG now owns 61,402 shares of the information technology services provider’s stock worth $313,000 after buying an additional 16,120 shares during the period. Bailard Inc. bought a new position in Computer Task Group in the 1st quarter worth approximately $272,000. Marathon Trading Investment Management LLC bought a new position in Computer Task Group in the 1st quarter worth approximately $139,000. JPMorgan Chase & Co. increased its position in Computer Task Group by 9,347.0% in the 1st quarter. JPMorgan Chase & Co. now owns 111,852 shares of the information technology services provider’s stock worth $916,000 after buying an additional 110,668 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Computer Task Group by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 842,237 shares of the information technology services provider’s stock worth $6,898,000 after buying an additional 47,670 shares during the period. 51.08% of the stock is currently owned by institutional investors and hedge funds.
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.
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