Brokerages expect Computer Task Group, Inc. (NASDAQ:CTG) to announce earnings of $0.06 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Computer Task Group’s earnings. Computer Task Group reported earnings of $0.07 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The business is expected to report its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Computer Task Group will report full year earnings of $0.22 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $0.27 per share, with EPS estimates ranging from $0.25 to $0.29. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Computer Task Group.

Computer Task Group (NASDAQ:CTG) last released its earnings results on Tuesday, October 24th. The information technology services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Computer Task Group had a return on equity of 4.50% and a net margin of 0.78%. The company had revenue of $74.04 million during the quarter, compared to analysts’ expectations of $75.80 million. During the same period last year, the firm posted $0.04 EPS. Computer Task Group’s quarterly revenue was down 5.2% compared to the same quarter last year.

Several equities research analysts recently weighed in on CTG shares. Zacks Investment Research cut shares of Computer Task Group from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. B. Riley set a $9.00 price target on shares of Computer Task Group and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, TheStreet upgraded shares of Computer Task Group from a “d+” rating to a “c” rating in a research report on Tuesday, October 24th.

Shares of Computer Task Group (NASDAQ:CTG) traded up $0.12 on Tuesday, reaching $5.29. 23,800 shares of the company traded hands, compared to its average volume of 30,480. Computer Task Group has a 12 month low of $4.27 and a 12 month high of $6.33. The company has a market capitalization of $80.09, a PE ratio of 35.27, a PEG ratio of 1.91 and a beta of 1.23.

Computer Task Group declared that its board has authorized a share buyback plan on Tuesday, October 24th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the information technology services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Computer Task Group by 13.3% in the second quarter. Wells Fargo & Company MN now owns 17,785 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 2,092 shares during the last quarter. Algert Global LLC grew its holdings in shares of Computer Task Group by 67.7% in the third quarter. Algert Global LLC now owns 42,243 shares of the information technology services provider’s stock worth $226,000 after purchasing an additional 17,053 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Computer Task Group by 4.2% in the second quarter. Northern Trust Corp now owns 55,589 shares of the information technology services provider’s stock worth $311,000 after purchasing an additional 2,247 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Computer Task Group in the third quarter worth about $483,000. Finally, Granahan Investment Management Inc. MA bought a new position in shares of Computer Task Group in the third quarter worth about $611,000. Hedge funds and other institutional investors own 45.69% of the company’s stock.

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About Computer Task Group

Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing.

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