Computer Task Group, Inc. (CTG) Expected to Announce Quarterly Sales of $91.51 Million
Wall Street brokerages forecast that Computer Task Group, Inc. (NASDAQ:CTG) will report $91.51 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Computer Task Group’s earnings, with the highest sales estimate coming in at $91.52 million and the lowest estimate coming in at $91.49 million. Computer Task Group posted sales of $74.64 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.6%. The company is expected to report its next earnings results on Tuesday, February 19th.
On average, analysts expect that Computer Task Group will report full year sales of $357.18 million for the current year, with estimates ranging from $357.16 million to $357.20 million. For the next fiscal year, analysts forecast that the company will post sales of $380.81 million, with estimates ranging from $372.53 million to $389.09 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Computer Task Group.
A number of brokerages have commented on CTG. ValuEngine raised Computer Task Group from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research cut Computer Task Group from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. B. Riley set a $10.00 target price on Computer Task Group and gave the company a “buy” rating in a research note on Friday, October 19th. Finally, Barrington Research reissued a “buy” rating and set a $9.00 target price on shares of Computer Task Group in a research note on Friday, December 21st.
Computer Task Group stock traded up $0.07 during trading hours on Wednesday, reaching $4.30. The company had a trading volume of 800 shares, compared to its average volume of 16,943. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.16 and a quick ratio of 2.16. The stock has a market capitalization of $60.41 million, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49. Computer Task Group has a 12-month low of $3.85 and a 12-month high of $9.62.
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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