Wall Street analysts predict that Computer Task Group, Inc. (NASDAQ:CTG) will announce earnings per share of $0.06 for the current quarter, Zacks reports. Two analysts have provided estimates for Computer Task Group’s earnings. Computer Task Group posted earnings of $0.05 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The company is expected to announce its next earnings results on Tuesday, October 23rd.

On average, analysts expect that Computer Task Group will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.33. For the next financial year, analysts forecast that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.40 to $0.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Computer Task Group.

Computer Task Group (NASDAQ:CTG) last issued its quarterly earnings results on Thursday, July 19th. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $92.67 million during the quarter, compared to analyst estimates of $88.06 million. Computer Task Group had a net margin of 0.30% and a return on equity of 4.78%.

A number of brokerages recently issued reports on CTG. Zacks Investment Research lowered shares of Computer Task Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Barrington Research set a $9.00 price target on shares of Computer Task Group and gave the stock a “buy” rating in a research note on Monday, July 23rd. Finally, ValuEngine lowered shares of Computer Task Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Computer Task Group currently has an average rating of “Buy” and an average price target of $9.00.

Shares of NASDAQ:CTG traded up $0.04 during midday trading on Monday, reaching $5.99. The company had a trading volume of 24,600 shares, compared to its average volume of 72,424. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.09. The firm has a market cap of $83.36 million, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.24 and a beta of 0.52. Computer Task Group has a one year low of $4.90 and a one year high of $9.62.

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in Computer Task Group by 17.4% in the fourth quarter. Renaissance Technologies LLC now owns 589,500 shares of the information technology services provider’s stock worth $3,006,000 after purchasing an additional 87,200 shares during the period. Deutsche Bank AG boosted its holdings in Computer Task Group by 35.6% in the fourth quarter. Deutsche Bank AG now owns 61,402 shares of the information technology services provider’s stock worth $313,000 after purchasing an additional 16,120 shares during the period. Algert Global LLC boosted its holdings in Computer Task Group by 5.2% in the first quarter. Algert Global LLC now owns 155,228 shares of the information technology services provider’s stock worth $1,271,000 after purchasing an additional 7,711 shares during the period. Crescent Grove Advisors LLC boosted its holdings in Computer Task Group by 48.1% in the first quarter. Crescent Grove Advisors LLC now owns 69,322 shares of the information technology services provider’s stock worth $568,000 after purchasing an additional 22,500 shares during the period. Finally, Bailard Inc. acquired a new position in Computer Task Group in the first quarter worth $272,000. Institutional investors and hedge funds own 53.46% of the company’s stock.

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

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