$93.63 Million in Sales Expected for Computer Task Group, Incorporated (NASDAQ:CTG) This Quarter

Brokerages expect that Laptop or computer Activity Group, Incorporated (NASDAQ:CTG – Get Rating) will article $93.63 million in profits for the present-day quarter, according to Zacks. Two analysts have supplied estimates for Computer system Activity Group’s earnings, with the lowest gross sales estimate coming in at $93.50 million and the highest estimate coming in at $93.76 million. Personal computer Activity Team posted revenue of $97.13 million in the exact same quarter very last yr, which would point out a negative 12 months-about-yr advancement fee of 3.6%. The firm is expected to problem its up coming earnings final results on Monday, January 1st.

On regular, analysts expect that Laptop or computer Job Group will report comprehensive-yr income of $384.85 million for the present 12 months, with estimates ranging from $379.69 million to $390.00 million. For the following fiscal yr, analysts foresee that the firm will post sales of $406.85 million, with estimates ranging from $396.20 million to $417.50 million. Zacks Investment Research’s gross sales calculations are an typical primarily based on a survey of promote-aspect research analysts that address Pc Task Team.

Personal computer Activity Team (NASDAQ:CTG – Get Score) last posted its earnings effects on Tuesday, February 22nd. The details technology products and services supplier documented $.25 earnings for each share for the quarter, topping the Zacks’ consensus estimate of $.17 by $.08. The business experienced revenue of $112.39 million for the quarter, compared to analyst estimates of $112.66 million. Computer Process Group had a web margin of 3.50% and a return on fairness of 11.20%. During the exact same quarter in the prior 12 months, the company posted $.14 EPS.

Various exploration analysts have issued reviews on the stock. StockNews.com begun protection on shares of Computer system Undertaking Team in a report on Monday. They issued a “buy” ranking for the corporation. Zacks Investment Research downgraded shares of Laptop or computer Process Group from a “hold” score to a “sell” score in a report on Thursday, March 10th.

Shares of Personal computer Endeavor Group stock traded up $.04 on Thursday, hitting $10.01. 14,563 shares of the company traded palms, in comparison to its typical quantity of 28,294. The company has a industry cap of $153.56 million, a P/E ratio of 11.00, a P/E/G ratio of .72 and a beta of .74. The firm’s 50-day easy shifting regular is $9.12 and its 200 day uncomplicated relocating normal is $8.73. Laptop Endeavor Team has a 12-thirty day period minimal of $6.77 and a 12-thirty day period substantial of $11.68.

Quite a few institutional investors and hedge money have not too long ago produced modifications to their positions in CTG. Knightsbridge Asset Management LLC boosted its placement in shares of Computer system Undertaking Team by 6.% in the third quarter. Knightsbridge Asset Management LLC now owns 30,110 shares of the details engineering companies provider’s stock worthy of $240,000 just after getting an more 1,710 shares in the course of the final quarter. Ancora Advisors LLC lifted its posture in Pc Undertaking Team by 21.6% throughout the 3rd quarter. Ancora Advisors LLC now owns 165,661 shares of the details technologies providers provider’s stock valued at $1,322,000 following getting an further 29,383 shares in the last quarter. Connor Clark & Lunn Financial investment Administration Ltd. lifted its position in Pc Activity Team by 15.5% for the duration of the 3rd quarter. Connor Clark & Lunn Expense Management Ltd. now owns 13,735 shares of the information technology providers provider’s inventory valued at $110,000 just after acquiring an extra 1,839 shares in the past quarter. Lewis Capital Management LLC acquired a new situation in Laptop or computer Job Team through the fourth quarter valued at roughly $3,541,000. Lastly, Millennium Management LLC lifted its place in Laptop Process Team by 16.9% during the 3rd quarter. Millennium Administration LLC now owns 15,959 shares of the information technological know-how providers provider’s inventory valued at $127,000 following purchasing an further 2,304 shares in the very last quarter. Institutional buyers and hedge resources have 53.52% of the company’s stock.

About Laptop or computer Endeavor Group (Get Score)

Pc Task Group, Inc engages in the provision of information know-how answers and staffing solutions. The firm’s products and services encompass the facts technological innovation business resolution daily life cycle, including phases for preparing, creating, applying, handling, and protecting the facts technologies alternative.

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