$0.15 Earnings Per Share Expected for Computer Task Group, Incorporated (NASDAQ:CTG) This Quarter – MarketBeat

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Equities analysts expect Computer Task Group, Incorporated (NASDAQ:CTG – Get Rating) to post $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Computer Task Group’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.17. Computer Task Group posted earnings of $0.13 per share during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Computer Task Group will report full-year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.69 to $0.70. For the next financial year, analysts anticipate that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.83 to $0.90. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Computer Task Group.
Computer Task Group (NASDAQ:CTG – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The information technology services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Computer Task Group had a return on equity of 11.26% and a net margin of 3.76%. The company had revenue of $89.42 million during the quarter, compared to analysts’ expectations of $93.63 million. During the same quarter last year, the company earned $0.13 EPS.
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A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Computer Task Group in a research note on Saturday, May 21st. They set a “strong-buy” rating on the stock. Zacks Investment Research cut shares of Computer Task Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 10th.
A number of hedge funds have recently modified their holdings of the business. Barclays PLC grew its position in shares of Computer Task Group by 11,661.3% during the 3rd quarter. Barclays PLC now owns 3,646 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 3,615 shares during the period. LPL Financial LLC bought a new position in shares of Computer Task Group during the 3rd quarter valued at approximately $80,000. Millennium Management LLC grew its position in shares of Computer Task Group by 16.9% during the 3rd quarter. Millennium Management LLC now owns 15,959 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 2,304 shares during the period. Knightsbridge Asset Management LLC grew its position in shares of Computer Task Group by 6.0% during the 3rd quarter. Knightsbridge Asset Management LLC now owns 30,110 shares of the information technology services provider’s stock valued at $240,000 after acquiring an additional 1,710 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Computer Task Group during the 2nd quarter valued at approximately $286,000. 53.00% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ CTG traded down $0.04 during midday trading on Monday, reaching $8.95. The company’s stock had a trading volume of 335 shares, compared to its average volume of 27,246. Computer Task Group has a fifty-two week low of $6.77 and a fifty-two week high of $10.38. The business’s 50 day moving average price is $9.26 and its two-hundred day moving average price is $9.00. The company has a market cap of $137.30 million, a P/E ratio of 9.32, a P/E/G ratio of 0.65 and a beta of 0.72.
About Computer Task Group (Get Rating)
Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.
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Earnings History and Estimates for Computer Task Group (NASDAQ:CTG)
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