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

Brokerages expect that Personal computer Task Team, Included (NASDAQ:CTG – Get Ranking) will submit $93.63 million in sales for the present quarter, according to Zacks. Two analysts have delivered estimates for Laptop or computer Activity Group’s earnings, with the lowest product sales estimate coming in at $93.50 million and the maximum estimate coming in at $93.76 million. Computer Task Team posted income of $97.13 million in the exact same quarter previous yr, which would reveal a detrimental calendar year-over-calendar year expansion price of 3.6%. The firm is expected to problem its future earnings outcomes on Monday, January 1st.

On common, analysts be expecting that Laptop or computer Undertaking Group will report total-yr profits of $384.85 million for the latest year, with estimates ranging from $379.69 million to $390.00 million. For the next fiscal yr, analysts foresee that the organization will post sales of $406.85 million, with estimates ranging from $396.20 million to $417.50 million. Zacks Expenditure Research’s profits calculations are an average centered on a survey of sell-aspect investigate analysts that cover Computer Undertaking Team.

Computer system Endeavor Group (NASDAQ:CTG – Get Rating) previous posted its earnings results on Tuesday, February 22nd. The data technological know-how products and services company documented $.25 earnings for each share for the quarter, topping the Zacks’ consensus estimate of $.17 by $.08. The firm experienced earnings of $112.39 million for the quarter, in contrast to analyst estimates of $112.66 million. Pc Job Group had a internet margin of 3.50% and a return on equity of 11.20%. For the duration of the exact same quarter in the prior yr, the small business posted $.14 EPS.

Many analysis analysts have issued stories on the inventory. StockNews.com commenced protection on shares of Laptop or computer Job Team in a report on Monday. They issued a “buy” ranking for the corporation. Zacks Investment Exploration downgraded shares of Laptop Job Group from a “hold” ranking to a “sell” rating in a report on Thursday, March 10th.

Shares of Computer system Undertaking Group stock traded up $.04 on Thursday, hitting $10.01. 14,563 shares of the corporation traded arms, in comparison to its typical quantity of 28,294. The enterprise has a sector 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-working day uncomplicated transferring average is $9.12 and its 200 working day simple relocating regular is $8.73. Computer system Undertaking Group has a 12-thirty day period very low of $6.77 and a 12-thirty day period high of $11.68.

Numerous institutional buyers and hedge cash have recently created changes to their positions in CTG. Knightsbridge Asset Management LLC boosted its placement in shares of Pc Activity Group by 6.% in the 3rd quarter. Knightsbridge Asset Administration LLC now owns 30,110 shares of the facts engineering expert services provider’s inventory truly worth $240,000 soon after obtaining an further 1,710 shares throughout the final quarter. Ancora Advisors LLC lifted its posture in Personal computer Undertaking Team by 21.6% in the course of the third quarter. Ancora Advisors LLC now owns 165,661 shares of the info technological innovation companies provider’s inventory valued at $1,322,000 after purchasing an additional 29,383 shares in the past quarter. Connor Clark & Lunn Expenditure Management Ltd. lifted its situation in Computer system Task Group by 15.5% through the third quarter. Connor Clark & Lunn Financial commitment Management Ltd. now owns 13,735 shares of the info engineering expert services provider’s stock valued at $110,000 after getting an more 1,839 shares in the very last quarter. Lewis Capital Management LLC acquired a new place in Personal computer Undertaking Group all through the fourth quarter valued at approximately $3,541,000. Finally, Millennium Administration LLC lifted its posture in Pc Undertaking Team by 16.9% during the 3rd quarter. Millennium Administration LLC now owns 15,959 shares of the facts technology services provider’s inventory valued at $127,000 just after obtaining an additional 2,304 shares in the very last quarter. Institutional traders and hedge funds individual 53.52% of the company’s stock.

About Computer system Activity Group (Get Score)

Computer system Endeavor Group, Inc engages in the provision of information and facts technological innovation answers and staffing products and services. The firm’s products and services encompass the facts technological innovation business alternative lifestyle cycle, like phases for preparing, producing, utilizing, running, and maintaining the information know-how alternative.

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