Computer Task Group (NASDAQ:CTG) Releases FY 2020 Pre-Market Earnings Guidance

Computer Task Group (NASDAQ:CTG) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of 0.42-0.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $380-400 million, compared to the consensus revenue estimate of $391.87 million.

Several research firms recently commented on CTG. Zacks Investment Research lowered Computer Task Group from a buy rating to a hold rating in a research note on Tuesday, December 24th. ValuEngine lowered Computer Task Group from a hold rating to a sell rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Computer Task Group has an average rating of Hold and a consensus target price of $7.00.

NASDAQ:CTG traded up $0.01 on Wednesday, hitting $5.82. 44,804 shares of the stock were exchanged, compared to its average volume of 34,303. The stock has a market cap of $85.55 million, a PE ratio of -27.71 and a beta of 0.38. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $5.80 and a 200-day moving average of $5.30. Computer Task Group has a fifty-two week low of $3.98 and a fifty-two week high of $6.48.

Computer Task Group (NASDAQ:CTG) last posted its earnings results on Tuesday, February 25th. The information technology services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Computer Task Group had a positive return on equity of 6.29% and a negative net margin of 0.72%. The business had revenue of $99.32 million during the quarter.

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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