Brokerages expect Computer Task Group, Inc. (NASDAQ:CTG) to report $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Computer Task Group’s earnings. Computer Task Group posted earnings per share of $0.06 in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is expected to issue its next earnings report on Tuesday, February 19th.
On average, analysts expect that Computer Task Group will report full year earnings of $0.28 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.42 per share, with EPS estimates ranging from $0.38 to $0.45. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Computer Task Group.
Several research firms have recently weighed in on CTG. ValuEngine cut Computer Task Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Barrington Research reaffirmed a “buy” rating and issued a $9.00 target price on shares of Computer Task Group in a research report on Friday, January 4th. Finally, Zacks Investment Research raised Computer Task Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th.
A number of hedge funds have recently modified their holdings of CTG. Dimensional Fund Advisors LP lifted its stake in Computer Task Group by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 956,611 shares of the information technology services provider’s stock valued at $7,404,000 after buying an additional 114,374 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Computer Task Group by 15.7% during the second quarter. Renaissance Technologies LLC now owns 984,300 shares of the information technology services provider’s stock worth $7,618,000 after buying an additional 133,700 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Computer Task Group by 6.8% during the third quarter. Acadian Asset Management LLC now owns 257,156 shares of the information technology services provider’s stock worth $1,342,000 after buying an additional 16,476 shares during the last quarter. Crescent Grove Advisors LLC boosted its holdings in Computer Task Group by 54.0% during the third quarter. Crescent Grove Advisors LLC now owns 106,778 shares of the information technology services provider’s stock worth $557,000 after buying an additional 37,456 shares during the last quarter. Finally, Minerva Advisors LLC boosted its holdings in Computer Task Group by 7.8% during the third quarter. Minerva Advisors LLC now owns 1,156,748 shares of the information technology services provider’s stock worth $6,039,000 after buying an additional 83,353 shares during the last quarter. 53.78% of the stock is owned by hedge funds and other institutional investors.
Shares of CTG traded down $0.03 during mid-day trading on Monday, hitting $4.18. The company’s stock had a trading volume of 16,600 shares, compared to its average volume of 15,539. Computer Task Group has a one year low of $3.85 and a one year high of $9.62. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $60.12 million, a price-to-earnings ratio of 19.00, a P/E/G ratio of 0.68 and a beta of 0.49.
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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