$0.08 Earnings Per Share Expected for Computer Task Group, Inc. (NASDAQ:CTG) This Quarter
Brokerages expect Computer Task Group, Inc. (NASDAQ:CTG) to announce earnings of $0.08 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Computer Task Group’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. Computer Task Group also reported earnings of $0.08 per share in the same quarter last year. The business is scheduled to issue its next earnings results before the market opens on Tuesday, July 23rd.
According to Zacks, analysts expect that Computer Task Group will report full-year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.34. For the next year, analysts forecast that the company will post earnings of $0.41 per share, with EPS estimates ranging from $0.40 to $0.41. Zacks’ EPS averages are an average based on a survey of analysts that cover Computer Task Group.
Computer Task Group (NASDAQ:CTG) last posted its quarterly earnings results on Thursday, April 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Computer Task Group had a positive return on equity of 5.07% and a negative net margin of 0.67%. The business had revenue of $97.24 million for the quarter, compared to analyst estimates of $93.63 million.
Hedge funds have recently modified their holdings of the company. Courier Capital LLC bought a new stake in shares of Computer Task Group in the 2nd quarter worth approximately $59,000. Fosun International Ltd bought a new stake in shares of Computer Task Group in the 1st quarter worth approximately $98,000. Gabelli Funds LLC bought a new stake in shares of Computer Task Group during the first quarter valued at approximately $108,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Computer Task Group during the fourth quarter valued at approximately $432,000. Finally, Ancora Advisors LLC boosted its position in shares of Computer Task Group by 85.1% during the fourth quarter. Ancora Advisors LLC now owns 278,986 shares of the information technology services provider’s stock valued at $1,138,000 after purchasing an additional 128,228 shares in the last quarter. Hedge funds and other institutional investors own 49.85% of the company’s stock.
CTG traded up $0.01 on Friday, hitting $4.04. 11,651 shares of the company were exchanged, compared to its average volume of 33,986. The stock’s fifty day moving average price is $4.11. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.33. Computer Task Group has a 12 month low of $3.85 and a 12 month high of $7.15. The company has a market capitalization of $57.68 million, a PE ratio of 17.57, a PEG ratio of 0.82 and a beta of 0.50.
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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