Computer Task Group, Inc. (CTG) Plans Quarterly Dividend of $0.05
Computer Task Group (NYSE:CTG) declared a quarterly dividend on Wednesday, September 11th, AnalystRatingsNetwork reports. Shareholders of record on Friday, September 20th will be given a dividend of $0.05 per share on Tuesday, October 1st. This represents a $0.20 dividend on an annualized basis and a yield of 1.11%.
A number of research firms have recently commented on CTG. Analysts at Singular Research downgraded shares of Computer Task Group (NYSE:CTG) to a “buy” rating in a research note to investors on Monday, July 29th. Analysts at Zacks downgraded shares of Computer Task Group (NYSE:CTG) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, July 25th. They now have a $17.70 price target on the stock.
Shares of Computer Task Group (NYSE:CTG) traded up 1.12% on Wednesday, hitting $18.05. 26,076 shares of the company’s stock traded hands. Computer Task Group has a one year low of $15.72 and a one year high of $26.11. The stock has a 50-day moving average of $18.3 and a 200-day moving average of $21.09. The company has a market cap of $339.8 million and a price-to-earnings ratio of 18.21.
Computer Task Group (NYSE:CTG) last announced its earnings results on Monday, July 22nd. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.24. The company had revenue of $107.10 million for the quarter, compared to the consensus estimate of $112.18 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that Computer Task Group will post $0.96 EPS for the current fiscal year.
Computer Task Group, Incorporated (NYSE:CTG) is an information technology (IT) solutions and staffing company with operations in North America and Europe.
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