Computer Task Group (CTG) Releases Q4 2018 Earnings Guidance
Computer Task Group (NASDAQ:CTG) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.06-0.10 for the period, compared to the Thomson Reuters consensus estimate of $0.11. The company issued revenue guidance of $89-94 million.Computer Task Group also updated its FY 2018 guidance to $0.26-0.30 EPS.
A number of brokerages recently weighed in on CTG. Zacks Investment Research raised shares of Computer Task Group from a sell rating to a hold rating in a research note on Friday, August 24th. Barrington Research set a $9.00 target price on shares of Computer Task Group and gave the company a buy rating in a research note on Thursday, July 12th. Finally, ValuEngine raised shares of Computer Task Group from a hold rating to a buy rating in a research note on Monday, July 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $9.00.
Shares of CTG stock traded down $0.11 during trading hours on Thursday, hitting $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 capitalization of $75.54 million, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.12 and a beta of 0.56. Computer Task Group has a 12-month low of $4.90 and a 12-month high of $9.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.41 and a current ratio of 2.41.
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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