Computer Task Group (NASDAQ:CTG) will issue its quarterly earnings data on Thursday, April 19th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Computer Task Group has set its Q1 guidance at $0.05-0.07 EPS and its FY18 guidance at $0.30-0.42 EPS.

Computer Task Group (NASDAQ:CTG) last issued its quarterly earnings data on Tuesday, February 20th. The information technology services provider reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $74.60 million during the quarter, compared to the consensus estimate of $73.55 million. Computer Task Group had a return on equity of 4.17% and a net margin of 0.27%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. On average, analysts expect Computer Task Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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Shares of CTG opened at $8.42 on Tuesday. The firm has a market cap of $126.60, a P/E ratio of 38.27, a P/E/G ratio of 1.53 and a beta of 0.48. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.06. Computer Task Group has a 12 month low of $4.90 and a 12 month high of $8.62.

Computer Task Group declared that its Board of Directors has approved a share buyback program on Thursday, February 15th that authorizes the company to buyback 1,000% of shares. This buyback authorization authorizes the information technology services provider to repurchase shares of its stock through a dutch auction. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other news, insider Filip J. L. Gyde sold 40,000 shares of the stock in a transaction on Monday, March 19th. The stock was sold at an average price of $8.30, for a total value of $332,000.00. Following the completion of the transaction, the insider now owns 152,975 shares of the company’s stock, valued at $1,269,692.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Filip J. L. Gyde sold 30,798 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $8.33, for a total value of $256,547.34. Following the completion of the transaction, the senior vice president now directly owns 152,975 shares of the company’s stock, valued at approximately $1,274,281.75. The disclosure for this sale can be found here. 10.40% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Computer Task Group stock. Northern Trust Corp grew its stake in shares of Computer Task Group (NASDAQ:CTG) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,589 shares of the information technology services provider’s stock after purchasing an additional 2,247 shares during the period. Northern Trust Corp owned about 0.35% of Computer Task Group worth $311,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 46.70% of the company’s stock.

CTG has been the subject of a number of recent research reports. Zacks Investment Research upgraded Computer Task Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine downgraded Computer Task Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th.

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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.

Earnings History for Computer Task Group (NASDAQ:CTG)

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