Analysts expect Computer Task Group, Inc. (NASDAQ:CTG) to announce $100.92 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Computer Task Group’s earnings, with estimates ranging from $100.43 million to $101.40 million. Computer Task Group reported sales of $92.67 million during the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that Computer Task Group will report full-year sales of $395.00 million for the current financial year, with estimates ranging from $394.99 million to $395.00 million. For the next fiscal year, analysts forecast that the business will report sales of $412.21 million, with estimates ranging from $411.80 million to $412.61 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Computer Task Group.

Computer Task Group (NASDAQ:CTG) last posted its earnings results on Thursday, April 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Computer Task Group had a negative net margin of 0.67% and a positive return on equity of 5.02%. The firm had revenue of $97.24 million during the quarter, compared to analysts’ expectations of $93.63 million.

A number of equities analysts have weighed in on CTG shares. Barrington Research restated a “buy” rating and set a $9.00 price objective on shares of Computer Task Group in a research report on Friday, January 4th. ValuEngine upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Zacks Investment Research cut shares of Computer Task Group from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. B. Riley set a $8.00 price objective on shares of Computer Task Group and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Finally, TheStreet cut shares of Computer Task Group from a “c-” rating to a “d” rating in a research report on Tuesday, February 19th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Computer Task Group presently has an average rating of “Buy” and a consensus price target of $8.00.

NASDAQ:CTG traded down $0.22 during trading hours on Tuesday, reaching $4.52. 77,700 shares of the company were exchanged, compared to its average volume of 22,764. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market capitalization of $68.65 million, a PE ratio of 18.83, a P/E/G ratio of 0.84 and a beta of 0.49. Computer Task Group has a twelve month low of $3.85 and a twelve month high of $8.63.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC raised its position in shares of Computer Task Group by 85.1% in the fourth quarter. Ancora Advisors LLC now owns 278,986 shares of the information technology services provider’s stock valued at $1,138,000 after buying an additional 128,228 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Computer Task Group in the fourth quarter valued at about $432,000. Alambic Investment Management L.P. acquired a new stake in shares of Computer Task Group in the fourth quarter valued at about $235,000. BlackRock Inc. raised its position in shares of Computer Task Group by 19.8% in the fourth quarter. BlackRock Inc. now owns 387,098 shares of the information technology services provider’s stock valued at $1,580,000 after buying an additional 64,107 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Computer Task Group by 3.4% in the fourth quarter. Acadian Asset Management LLC now owns 265,873 shares of the information technology services provider’s stock valued at $1,084,000 after buying an additional 8,717 shares during the last quarter. Institutional investors and hedge funds own 49.44% 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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