Computer Task Group (CTG) Issues FY 2018 Earnings Guidance

Computer Task Group (NASDAQ:CTG) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $0.26-0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.31. The company issued revenue guidance of $355-360 million, compared to the consensus revenue estimate of $355.4 million.Computer Task Group also updated its Q4 2018 guidance to $0.06-0.10 EPS.

A number of analysts have weighed in on the company. Zacks Investment Research raised Computer Task Group from a hold rating to a buy rating and set a $9.00 price objective for the company in a research report on Saturday, July 14th. Barrington Research set a $9.00 target price on Computer Task Group and gave the stock a buy rating in a research note on Thursday, July 12th. Finally, ValuEngine raised Computer Task Group from a hold rating to a buy rating in a research note on Monday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $9.00.

Shares of CTG stock traded down $0.11 during trading hours on Thursday, reaching $5.23. 16,363 shares of the company’s stock were exchanged, compared to its average volume of 63,622. The company has a market cap of $75.54 million, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.12 and a beta of 0.56. Computer Task Group has a 1 year low of $4.90 and a 1 year high of $9.62. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.09.

Computer Task Group (NASDAQ:CTG) last issued its 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 the consensus estimate of $88.06 million. Computer Task Group had a return on equity of 4.78% and a net margin of 0.30%. On average, equities analysts forecast that Computer Task Group will post 0.31 earnings per share for the current fiscal year.

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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