Equities analysts forecast that Computer Task Group, Inc. (NASDAQ:CTG) will announce sales of $91.51 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Computer Task Group’s earnings. The highest sales estimate is $91.52 million and the lowest is $91.49 million. Computer Task Group reported sales of $74.64 million during the same quarter last year, which indicates a positive year over year growth rate of 22.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 19th.

On average, analysts expect that Computer Task Group will report full-year sales of $357.18 million for the current financial year, with estimates ranging from $357.16 million to $357.20 million. For the next fiscal year, analysts anticipate that the business will post sales of $380.81 million, with estimates ranging from $372.53 million to $389.09 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Computer Task Group.

Computer Task Group (NASDAQ:CTG) last posted its earnings results on Thursday, October 18th. The information technology services provider reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Computer Task Group had a return on equity of 5.13% and a net margin of 0.62%. The company had revenue of $90.26 million for the quarter, compared to the consensus estimate of $88.62 million.

A number of research analysts have weighed in on CTG shares. Barrington Research set a $9.00 target price on Computer Task Group and gave the company a “buy” rating in a report on Monday, October 15th. B. Riley set a $10.00 target price on Computer Task Group and gave the company a “buy” rating in a report on Friday, October 19th. Zacks Investment Research downgraded Computer Task Group from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Finally, ValuEngine raised Computer Task Group from a “sell” rating to a “hold” rating in a report on Monday, October 22nd.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Minerva Advisors LLC raised its stake in shares of Computer Task Group by 7.8% in the third quarter. Minerva Advisors LLC now owns 1,156,748 shares of the information technology services provider’s stock worth $6,039,000 after buying an additional 83,353 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Computer Task Group by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 988,568 shares of the information technology services provider’s stock worth $5,160,000 after purchasing an additional 31,957 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Computer Task Group by 15.7% during the second quarter. Renaissance Technologies LLC now owns 984,300 shares of the information technology services provider’s stock worth $7,618,000 after purchasing an additional 133,700 shares in the last quarter. Granahan Investment Management Inc. MA grew its position in shares of Computer Task Group by 15.9% during the second quarter. Granahan Investment Management Inc. MA now owns 302,467 shares of the information technology services provider’s stock worth $2,341,000 after purchasing an additional 41,384 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its position in shares of Computer Task Group by 92.6% during the third quarter. Tocqueville Asset Management L.P. now owns 260,000 shares of the information technology services provider’s stock worth $1,357,000 after purchasing an additional 125,000 shares in the last quarter. 53.15% of the stock is currently owned by hedge funds and other institutional investors.

CTG stock traded up $0.09 during trading on Monday, reaching $4.18. The stock had a trading volume of 10,906 shares, compared to its average volume of 12,970. Computer Task Group has a 52 week low of $3.85 and a 52 week high of $9.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market cap of $58.41 million, a price-to-earnings ratio of 15.73, a P/E/G ratio of 0.66 and a beta of 0.54.

Computer Task Group Company Profile

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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