$100.31 Million in Sales Expected for Computer Task Group, Inc. (CTG) This Quarter

Share on StockTwits

Wall Street analysts expect Computer Task Group, Inc. (NASDAQ:CTG) to post $100.31 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Computer Task Group’s earnings, with the highest sales estimate coming in at $101.03 million and the lowest estimate coming in at $99.58 million. Computer Task Group posted sales of $92.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The company is scheduled to report its next earnings report on Thursday, July 18th.

On average, analysts expect that Computer Task Group will report full year sales of $396.95 million for the current year, with estimates ranging from $395.06 million to $398.84 million. For the next year, analysts forecast that the firm will post sales of $414.27 million, with estimates ranging from $412.73 million to $415.80 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Computer Task Group.

Computer Task Group (NASDAQ:CTG) last announced its quarterly earnings results on Thursday, April 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Computer Task Group had a negative net margin of 0.67% and a positive return on equity of 5.07%. The company had revenue of $97.24 million for the quarter, compared to analysts’ expectations of $93.63 million.

Several brokerages recently issued reports on CTG. Zacks Investment Research upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. ValuEngine cut shares of Computer Task Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Barrington Research set a $7.00 price target on shares of Computer Task Group and gave the company a “buy” rating in a research report on Monday, April 22nd. B. Riley set a $8.00 price target on shares of Computer Task Group and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, TheStreet lowered shares of Computer Task Group from a “c-” rating to a “d” rating in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.00.

Shares of NASDAQ CTG traded down $0.07 during midday trading on Wednesday, hitting $4.44. 17,000 shares of the company traded hands, compared to its average volume of 26,838. Computer Task Group has a 12-month low of $3.85 and a 12-month high of $8.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $64.25 million, a P/E ratio of 18.50, a P/E/G ratio of 0.91 and a beta of 0.53.

Large investors have recently bought and sold shares of the stock. Crescent Grove Advisors LLC increased its stake in shares of Computer Task Group by 84.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 196,778 shares of the information technology services provider’s stock worth $803,000 after purchasing an additional 90,000 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Computer Task Group by 118.4% during the 3rd quarter. Macquarie Group Ltd. now owns 22,238 shares of the information technology services provider’s stock valued at $116,000 after purchasing an additional 12,058 shares in the last quarter. Minerva Advisors LLC increased its holdings in shares of Computer Task Group by 6.6% during the 4th quarter. Minerva Advisors LLC now owns 1,233,160 shares of the information technology services provider’s stock valued at $5,031,000 after purchasing an additional 76,412 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of Computer Task Group by 8.9% during the 1st quarter. Tocqueville Asset Management L.P. now owns 283,078 shares of the information technology services provider’s stock valued at $1,217,000 after purchasing an additional 23,078 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Computer Task Group by 3.4% during the 4th quarter. Acadian Asset Management LLC now owns 265,873 shares of the information technology services provider’s stock valued at $1,084,000 after purchasing an additional 8,717 shares in the last quarter. 49.69% 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.

Featured Story: What is an investor looking for in an SEC filing?

Get a free copy of the Zacks research report on Computer Task Group (CTG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Computer Task Group (NASDAQ:CTG)

Receive News & Ratings for Computer Task Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Task Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

ISHARES CORE S&P U.S. GROWTH ETF  Position Cut by FinTrust Capital Advisors LLC
ISHARES CORE S&P U.S. GROWTH ETF Position Cut by FinTrust Capital Advisors LLC
Cadence Bank NA Decreases Position in Allstate Corp
Cadence Bank NA Decreases Position in Allstate Corp
California State Teachers Retirement System Trims Stake in NXP Semiconductors NV
California State Teachers Retirement System Trims Stake in NXP Semiconductors NV
Emory University Takes $2.80 Million Position in Orchard Therapeutics PLC –
Emory University Takes $2.80 Million Position in Orchard Therapeutics PLC –
California State Teachers Retirement System Sells 39,910 Shares of Exelon Co.
California State Teachers Retirement System Sells 39,910 Shares of Exelon Co.
41,000 Shares in Allison Transmission Holdings Inc  Purchased by DE Burlo Group Inc.
41,000 Shares in Allison Transmission Holdings Inc Purchased by DE Burlo Group Inc.


 
© 2006-2019 Zolmax.