Analysts forecast that Computer Task Group, Incorporated (NASDAQ:CTG) will post sales of $75.80 million for the current quarter, according to Zacks. Two analysts have made estimates for Computer Task Group,’s earnings, with the highest sales estimate coming in at $76.10 million and the lowest estimate coming in at $75.50 million. Computer Task Group, reported sales of $78.07 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The business is expected to announce its next quarterly earnings report on Tuesday, October 24th.

On average, analysts expect that Computer Task Group, will report full-year sales of $75.80 million for the current financial year, with estimates ranging from $306.00 million to $309.96 million. For the next financial year, analysts expect that the business will report sales of $326.18 million per share, with estimates ranging from $326.00 million to $326.36 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Computer Task Group,.

Computer Task Group, (NASDAQ:CTG) last issued its earnings results on Tuesday, July 25th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Computer Task Group, had a negative net margin of 4.50% and a positive return on equity of 4.27%. The firm had revenue of $75.50 million for the quarter, compared to analysts’ expectations of $78.05 million. During the same quarter last year, the company posted $0.05 earnings per share. Computer Task Group,’s revenue was down 9.6% on a year-over-year basis.

Separately, B. Riley reissued a “buy” rating and issued a $8.50 target price on shares of Computer Task Group, in a research note on Friday, July 28th.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Computer Task Group, by 0.3% during the second quarter. Vanguard Group Inc. now owns 808,976 shares of the information technology services provider’s stock worth $4,522,000 after buying an additional 2,400 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Computer Task Group, by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 761,652 shares of the information technology services provider’s stock worth $4,258,000 after buying an additional 7,570 shares during the last quarter. Renaissance Technologies LLC grew its stake in Computer Task Group, by 3.9% during the first quarter. Renaissance Technologies LLC now owns 428,000 shares of the information technology services provider’s stock worth $2,363,000 after buying an additional 16,000 shares during the last quarter. First Wilshire Securities Management Inc. grew its stake in Computer Task Group, by 297.9% during the first quarter. First Wilshire Securities Management Inc. now owns 166,857 shares of the information technology services provider’s stock worth $921,000 after buying an additional 124,925 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Computer Task Group, by 93.4% during the first quarter. Goldman Sachs Group Inc. now owns 80,160 shares of the information technology services provider’s stock worth $442,000 after buying an additional 38,719 shares during the last quarter. 46.03% of the stock is currently owned by hedge funds and other institutional investors.

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Computer Task Group, (NASDAQ CTG) opened at 5.31 on Wednesday. The firm has a 50-day moving average of $5.24 and a 200-day moving average of $5.49. The company’s market cap is $83.36 million. Computer Task Group, has a one year low of $3.87 and a one year high of $6.33.

Computer Task Group, Company Profile

Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing.

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