Q2 2022 EPS Estimates for Computer Task Group, Incorporated Reduced by Analyst (NASDAQ:CTG)

Computer Task Group, Incorporated (NASDAQ:CTGGet Rating) – Investment analysts at K LIU & decreased their Q2 2022 earnings per share (EPS) estimates for Computer Task Group in a report released on Wednesday, May 11th. K LIU & analyst K. Liu now anticipates that the information technology services provider will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.20. K LIU & also issued estimates for Computer Task Group’s Q3 2022 earnings at $0.17 EPS, Q4 2022 earnings at $0.26 EPS, FY2022 earnings at $0.70 EPS, Q1 2023 earnings at $0.16 EPS, Q2 2023 earnings at $0.19 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.28 EPS and FY2023 earnings at $0.90 EPS.

Computer Task Group (NASDAQ:CTGGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The information technology services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Computer Task Group had a net margin of 3.76% and a return on equity of 11.52%. During the same quarter last year, the company earned $0.13 EPS.

Several other research analysts have also recently issued reports on CTG. Zacks Investment Research cut shares of Computer Task Group from a “hold” rating to a “sell” rating in a report on Thursday, March 10th. StockNews.com started coverage on shares of Computer Task Group in a report on Friday. They issued a “buy” rating for the company.

NASDAQ:CTG opened at $8.53 on Thursday. The firm has a market capitalization of $130.86 million, a P/E ratio of 8.89, a PEG ratio of 0.62 and a beta of 0.72. Computer Task Group has a one year low of $6.77 and a one year high of $10.40. The company’s 50-day simple moving average is $9.41 and its 200 day simple moving average is $8.94.

A number of hedge funds have recently made changes to their positions in CTG. Morgan Stanley increased its holdings in Computer Task Group by 15.0% during the first quarter. Morgan Stanley now owns 31,122 shares of the information technology services provider’s stock valued at $296,000 after buying an additional 4,055 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Computer Task Group in the second quarter worth approximately $286,000. Millennium Management LLC boosted its position in shares of Computer Task Group by 15.0% in the second quarter. Millennium Management LLC now owns 13,655 shares of the information technology services provider’s stock worth $132,000 after purchasing an additional 1,779 shares during the period. Raymond James & Associates boosted its position in shares of Computer Task Group by 174.0% in the third quarter. Raymond James & Associates now owns 28,685 shares of the information technology services provider’s stock worth $229,000 after purchasing an additional 18,215 shares during the period. Finally, Barclays PLC boosted its position in shares of Computer Task Group by 11,661.3% in the third quarter. Barclays PLC now owns 3,646 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 3,615 shares during the period. 53.00% of the stock is owned by institutional investors and hedge funds.

Computer Task Group Company Profile (Get Rating)

Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.

Read More

Earnings History and Estimates for Computer Task Group (NASDAQ:CTG)

Receive News & Ratings for Computer Task Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Task Group and related companies with MarketBeat.com's FREE daily email newsletter.