Computer Task Group (NASDAQ:CTG) Updates FY 2022 Earnings Guidance – MarketBeat

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Computer Task Group (NASDAQ:CTG – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.64-$0.72 for the period, compared to the consensus earnings per share estimate of $0.69. The company issued revenue guidance of $360.00 million-$380.00 million, compared to the consensus revenue estimate of $384.84 million.
Computer Task Group stock opened at $9.12 on Tuesday. Computer Task Group has a 12 month low of $6.77 and a 12 month high of $10.38. The stock has a market capitalization of $139.90 million, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.65 and a beta of 0.72. The business has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $9.01.
Computer Task Group (NASDAQ:CTG – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $89.42 million during the quarter, compared to the consensus estimate of $93.63 million. During the same period in the previous year, the firm posted $0.13 EPS. Sell-side analysts expect that Computer Task Group will post 0.69 EPS for the current fiscal year.
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CTG has been the topic of a number of recent analyst reports. StockNews.com started 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 lowered Computer Task Group from a hold rating to a sell rating in a research report on Thursday, March 10th.
A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Computer Task Group by 2.8% in the first quarter. State Street Corp now owns 58,271 shares of the information technology services provider’s stock valued at $569,000 after buying an additional 1,586 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Computer Task Group by 27.3% in the first quarter. Vanguard Group Inc. now owns 846,388 shares of the information technology services provider’s stock valued at $8,269,000 after purchasing an additional 181,316 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Computer Task Group by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 964,872 shares of the information technology services provider’s stock worth $9,427,000 after buying an additional 9,413 shares during the period. BlackRock Inc. grew its holdings in shares of Computer Task Group by 0.6% during the fourth quarter. BlackRock Inc. now owns 283,494 shares of the information technology services provider’s stock valued at $2,826,000 after buying an additional 1,827 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in Computer Task Group during the third quarter valued at approximately $80,000. Institutional investors own 53.00% of the company’s stock.
Computer Task Group Company Profile (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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