Analysts Expect Computer Task Group, Inc. (NASDAQ:CTG) to Announce $0.11 Earnings Per Share

Shares of Computer Task Group, Inc. (NASDAQ:CTG) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $7.00 for the company and are anticipating that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Computer Task Group an industry rank of 99 out of 255 based on the ratings given to related companies.

CTG has been the subject of several analyst reports. Zacks Investment Research upgraded Computer Task Group from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Monday, October 28th. ValuEngine upgraded Computer Task Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th.

Shares of Computer Task Group stock opened at $5.87 on Friday. The firm has a market capitalization of $89.67 million, a price-to-earnings ratio of 24.46, a PEG ratio of 1.13 and a beta of 0.52. Computer Task Group has a one year low of $3.85 and a one year high of $6.23. The business has a 50-day simple moving average of $5.49 and a 200 day simple moving average of $4.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.81 and a quick ratio of 1.81.

Computer Task Group (NASDAQ:CTG) last issued its earnings results on Tuesday, October 22nd. The information technology services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Computer Task Group had a positive return on equity of 6.29% and a negative net margin of 0.72%. The company had revenue of $97.20 million for the quarter, compared to analysts’ expectations of $98.50 million. On average, sell-side analysts expect that Computer Task Group will post 0.36 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Granahan Investment Management Inc. MA lifted its position in shares of Computer Task Group by 1.8% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 571,961 shares of the information technology services provider’s stock valued at $2,860,000 after buying an additional 10,062 shares during the last quarter. Gabelli Funds LLC increased its holdings in Computer Task Group by 44.2% in the 3rd quarter. Gabelli Funds LLC now owns 36,041 shares of the information technology services provider’s stock worth $180,000 after acquiring an additional 11,041 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Computer Task Group in the 3rd quarter worth about $97,000. Citadel Advisors LLC bought a new stake in Computer Task Group in the 2nd quarter valued at about $56,000. Finally, BlackRock Inc. raised its stake in Computer Task Group by 12.1% in the 2nd quarter. BlackRock Inc. now owns 432,770 shares of the information technology services provider’s stock valued at $1,735,000 after acquiring an additional 46,866 shares during the period. 46.89% of the stock is owned by institutional investors and hedge funds.

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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