Computer Task Group (CTG) Stock Forecast, Price & News

Computer Task Group's stock was trading at $7.56 at the beginning of 2023. Since then, CTG shares have decreased by 4.8% and is now trading at $7.20.
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Computer Task Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 20,700 shares, an increase of 28.6% from the April 30th total of 16,100 shares. Based on an average daily trading volume, of 35,900 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CTG earnings forecast.

Computer Task Group, Incorporated (NASDAQ:CTG) issued its quarterly earnings results on Tuesday, November, 9th. The information technology services provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The information technology services provider earned $90.60 million during the quarter, compared to analysts' expectations of $91.19 million. Computer Task Group had a trailing twelve-month return on equity of 7.21% and a net margin of 1.49%. During the same period in the previous year, the firm earned $0.18 EPS.

Computer Task Group issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $0.56-$0.64 for the period, compared to the consensus EPS estimate of $0.61. The company issued revenue guidance of $310.00 million-$340.00 million, compared to the consensus revenue estimate of $319.30 million.

68 employees have rated Computer Task Group Chief Executive Officer Filip Gydé on Glassdoor.com. Filip Gydé has an approval rating of 55% among the company's employees. This puts Filip Gydé in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 63.0% of employees surveyed would recommend working at Computer Task Group to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Computer Task Group investors own include SeaChange International (SEAC), Actinium Pharmaceuticals (ATNM), Nokia Oyj (NOK), Pfizer (PFE), Smith Micro Software (SMSI), Zynerba Pharmaceuticals (ZYNE), Digital Turbine (APPS), Enphase Energy (ENPH), Alphabet (GOOG) and Inovio Pharmaceuticals (INO).

Computer Task Group trades on the NASDAQ under the ticker symbol "CTG."

Computer Task Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Royce & Associates LP (10.72%), Dimensional Fund Advisors LP (6.31%), Renaissance Technologies LLC (4.83%), BlackRock Inc. (1.68%), Ancora Advisors LLC (1.22%) and PEAK6 Investments LLC (0.55%). Insiders that own company stock include Daniel J Sullivan, David H Klein, James R Helvey III, Owen J Sullivan, Raj Rajgopal and Valerie Rahmani.
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Shares of CTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CTG stock can currently be purchased for approximately $7.20.

Computer Task Group (NASDAQ:CTG) has a market capitalization of $114.48 million and generates $325.08 million in revenue each year. The information technology services provider earns $6.61 million in net income (profit) each year or $0.30 on an earnings per share basis.

The company employs 3,200 workers across the globe.

Computer Task Group's mailing address is 800 DELAWARE AVE, BUFFALO NY, 14209. The official website for the company is www.ctg.com. The information technology services provider can be reached via phone at (716) 882-8000, via email at john.laubacker@ctg.com, or via fax at 716-887-7464.