Computer Task Group, Incorporated (CTG) Issues Q4 Earnings Guidance
Computer Task Group, Incorporated (NASDAQ:CTG) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.05-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of $72-75 million, compared to the consensus revenue estimate of $79.49 million.
Computer Task Group, Incorporated (NASDAQ:CTG) opened at 5.34 on Tuesday. The company has a 50 day moving average of $5.27 and a 200-day moving average of $5.48. The stock’s market capitalization is $83.83 million. Computer Task Group, Incorporated has a 52-week low of $3.87 and a 52-week high of $6.33.
Computer Task Group, (NASDAQ:CTG) last issued its quarterly earnings results on Monday, October 23rd. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $74.04 million during the quarter, compared to the consensus estimate of $75.80 million. Computer Task Group, had a positive return on equity of 4.27% and a negative net margin of 4.50%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. Equities research analysts anticipate that Computer Task Group, Incorporated will post $0.24 EPS for the current year.
Separately, B. Riley reiterated a buy rating and set a $8.75 target price on shares of Computer Task Group, in a research note on Thursday, July 20th.
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A hedge fund recently raised its stake in Computer Task Group, stock. Northern Trust Corp raised its holdings in shares of Computer Task Group, Incorporated (NASDAQ:CTG) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,589 shares of the information technology services provider’s stock after purchasing an additional 2,247 shares during the period. Northern Trust Corp owned about 0.35% of Computer Task Group, worth $311,000 as of its most recent SEC filing. 46.03% of the stock is owned by institutional investors.
About Computer Task Group,
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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