Equities research analysts forecast that Computer Task Group, Inc. (NASDAQ:CTG) will post earnings per share (EPS) of $0.05 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Computer Task Group’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.05. Computer Task Group posted earnings per share of $0.04 in the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, April 25th.
On average, analysts expect that Computer Task Group will report full-year earnings of $0.23 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.24. For the next financial year, analysts forecast that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.27 to $0.35. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Computer Task Group.
Computer Task Group (NASDAQ:CTG) last released its quarterly earnings data on Tuesday, February 21st. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Computer Task Group had a positive return on equity of 4.73% and a negative net margin of 9.85%. The company earned $77.50 million during the quarter, compared to the consensus estimate of $73.90 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year.
CTG has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $5.50 price target on shares of Computer Task Group in a research note on Friday, February 17th. Zacks Investment Research raised Computer Task Group from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Thursday, February 23rd.
A number of institutional investors have recently made changes to their positions in CTG. Mork Capital Management LLC acquired a new position in Computer Task Group during the third quarter valued at about $588,000. Minerva Advisors LLC boosted its position in Computer Task Group by 2.2% in the fourth quarter. Minerva Advisors LLC now owns 1,066,940 shares of the information technology services provider’s stock valued at $4,481,000 after buying an additional 22,815 shares during the period. Renaissance Technologies LLC boosted its position in Computer Task Group by 5.6% in the fourth quarter. Renaissance Technologies LLC now owns 412,000 shares of the information technology services provider’s stock valued at $1,735,000 after buying an additional 21,695 shares during the period. GSA Capital Partners LLP boosted its position in Computer Task Group by 5.5% in the fourth quarter. GSA Capital Partners LLP now owns 82,921 shares of the information technology services provider’s stock valued at $349,000 after buying an additional 4,300 shares during the period. Finally, Ancora Advisors LLC acquired a new position in Computer Task Group during the fourth quarter valued at about $337,000. 46.42% of the stock is currently owned by institutional investors and hedge funds.
Computer Task Group (NASDAQ:CTG) traded up 2.11% on Thursday, hitting $5.82. The stock had a trading volume of 23,942 shares. The stock’s market capitalization is $91.34 million. Computer Task Group has a 1-year low of $3.87 and a 1-year high of $6.33. The company has a 50-day moving average price of $5.66 and a 200-day moving average price of $4.82.
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About Computer Task Group
Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing.
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