Brokerages expect Computer Task Group, Inc. (NASDAQ:CTG) to report $100.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Computer Task Group’s earnings, with the lowest sales estimate coming in at $99.58 million and the highest estimate coming in at $101.03 million. Computer Task Group posted sales of $92.67 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings results 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 expect that the company will post sales of $414.27 million, with estimates ranging from $412.73 million to $415.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Computer Task Group.

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

CTG has been the topic of a number of research reports. ValuEngine raised shares of Computer Task Group from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. B. Riley set a $8.00 price target on shares of Computer Task Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. Barrington Research set a $9.00 price target on shares of Computer Task Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. TheStreet lowered shares of Computer Task Group from a “c-” rating to a “d” rating in a research note on Tuesday, February 19th. Finally, Zacks Investment Research lowered shares of Computer Task Group from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crescent Grove Advisors LLC raised its holdings 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 valued at $803,000 after purchasing an additional 90,000 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Computer Task Group by 118.4% in the third 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 during the last quarter. Minerva Advisors LLC increased its holdings in shares of Computer Task Group by 6.6% in the fourth 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 during the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of Computer Task Group by 8.9% in the first 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 during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Computer Task Group by 3.4% in the fourth 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 during the last quarter. Institutional investors own 49.60% of the company’s stock.

CTG traded down $0.01 during midday trading on Wednesday, hitting $4.50. The company had a trading volume of 48,238 shares, compared to its average volume of 25,683. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $64.40 million, a PE ratio of 18.83, a PEG ratio of 0.91 and a beta of 0.53. Computer Task Group has a twelve month low of $3.85 and a twelve month high of $8.30.

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

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