Computer Task Group (CTG) Set to Announce Quarterly Earnings on Thursday

Computer Task Group (NASDAQ:CTG) will release its earnings data before the market opens on Thursday, April 18th. Analysts expect Computer Task Group to post earnings of $0.06 per share for the quarter. Computer Task Group has set its FY 2019 guidance at $0.30-0.40 EPS.

Computer Task Group (NASDAQ:CTG) last released its quarterly earnings results on Tuesday, February 19th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). Computer Task Group had a positive return on equity of 4.77% and a negative net margin of 0.76%. The firm had revenue of $93.13 million for the quarter, compared to analyst estimates of $91.51 million. On average, analysts expect Computer Task Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Computer Task Group stock opened at $4.21 on Tuesday. Computer Task Group has a 12-month low of $3.85 and a 12-month high of $9.62. The stock has a market cap of $60.85 million, a price-to-earnings ratio of 17.54, a PEG ratio of 0.81 and a beta of 0.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.17 and a current ratio of 2.17.

Several research firms have issued reports on CTG. Barrington Research set a $7.00 price target on shares of Computer Task Group and gave the stock a “buy” rating in a research note on Tuesday, February 26th. TheStreet cut shares of Computer Task Group from a “c-” rating to a “d” rating in a research note on Tuesday, February 19th. B. Riley set a $8.00 target price on shares of Computer Task Group and gave the stock a “buy” rating in a research report on Wednesday, February 20th. 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. Finally, ValuEngine raised shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Computer Task Group currently has a consensus rating of “Hold” and a consensus target price of $8.00.

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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 for Computer Task Group (NASDAQ:CTG)

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