Computer Task Group (CTG) Set to Announce Quarterly Earnings on Thursday

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Computer Task Group (NASDAQ:CTG) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Computer Task Group has set its FY 2019 guidance at $0.30-0.40 EPS.

Computer Task Group (NASDAQ:CTG) last issued its quarterly earnings results on Tuesday, February 19th. The information technology services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The business had revenue of $93.13 million for the quarter, compared to analyst estimates of $91.51 million. Computer Task Group had a positive return on equity of 4.77% and a negative net margin of 0.76%. On average, analysts expect Computer Task Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:CTG opened at $4.21 on Tuesday. The firm has a market cap of $60.85 million, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.81 and a beta of 0.49. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.06. Computer Task Group has a 1-year low of $3.85 and a 1-year high of $9.62.

CTG has been the subject of a number of analyst reports. Barrington Research restated a “buy” rating and set a $9.00 price objective on shares of Computer Task Group in a research report on Friday, January 4th. B. Riley set a $8.00 price objective on shares of Computer Task Group and gave the stock a “buy” rating in a research report on Wednesday, February 20th. TheStreet downgraded shares of Computer Task Group from a “c-” rating to a “d” rating in a research report on Tuesday, February 19th. ValuEngine upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, Zacks Investment Research upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.00.

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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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Earnings History for Computer Task Group (NASDAQ:CTG)

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