Computer Task Group, Incorporated (NASDAQ:CTG) Releases FY17 Earnings Guidance

Computer Task Group, Incorporated (NASDAQ:CTG) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.22-0.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $305-315 million, compared to the consensus revenue estimate of $318.83 million.Computer Task Group, also updated its Q3 guidance to $0.04-0.06 EPS.

Several research firms have recently commented on CTG. B. Riley reaffirmed a buy rating and set a $7.00 target price on shares of Computer Task Group, in a report on Tuesday, April 25th. Zacks Investment Research lowered Computer Task Group, from a buy rating to a hold rating in a report on Tuesday, April 25th.

Computer Task Group, Incorporated (NASDAQ CTG) opened at 5.05 on Friday. Computer Task Group, Incorporated has a 12-month low of $3.87 and a 12-month high of $6.33. The company’s market capitalization is $79.28 million. The stock’s 50 day moving average price is $5.57 and its 200 day moving average price is $5.50.

Computer Task Group, (NASDAQ:CTG) last posted its quarterly earnings results on Tuesday, July 25th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Computer Task Group, had a negative net margin of 4.50% and a positive return on equity of 4.27%. The firm had revenue of $75.50 million during the quarter, compared to analyst estimates of $78.05 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Computer Task Group, Incorporated will post $0.24 earnings per share for the current fiscal year.

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An institutional investor recently raised its position in Computer Task Group, stock. Northern Trust Corp boosted its stake in Computer Task Group, Incorporated (NASDAQ:CTG) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,589 shares of the information technology services provider’s stock after buying an additional 2,247 shares during the period. Northern Trust Corp owned 0.35% of Computer Task Group, worth $311,000 as of its most recent SEC filing. 47.57% of the stock is owned by hedge funds and other institutional investors.

Computer Task Group, Company Profile

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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