Last $11.65 USD
Change Today -0.31 / -2.59%
Volume 132.7K
CTG On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

computer task group inc (CTG) Snapshot

Open
$11.97
Previous Close
$11.96
Day High
$12.03
Day Low
$11.62
52 Week High
11/29/13 - $19.20
52 Week Low
09/16/14 - $11.62
Market Cap
214.7M
Average Volume 10 Days
91.0K
EPS TTM
$0.84
Shares Outstanding
18.4M
EX-Date
09/18/14
P/E TM
13.9x
Dividend
$0.24
Dividend Yield
1.89%
Current Stock Chart for COMPUTER TASK GROUP INC (CTG)

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computer task group inc (CTG) Details

Computer Task Group, Incorporated operates as an information technology (IT) solutions and staffing services company in North America and Europe. The company’s IT solutions include selection and implementation of packaged software; design, development, testing, and integration of new systems; and development and implementation of customized software and solutions. It implements electronic medical records; assists in the start-up and development of health information exchanges; and provides transitional application management services, such as outsourcing support of single or multiple applications, and help desk functions. The company’s IT staffing solutions include recruiting, retaining, and managing IT talent primarily for technology service providers and companies with multiple locations. It also provides IT services for the healthcare provider market that include clinical systems integration and implementation, application management, technology support for medical imaging, training, and technical resources. The company serves healthcare, technology service providers, financial services, and energy markets. Computer Task Group, Incorporated was founded in 1966 and is headquartered in Buffalo, New York.

3,800 Employees
Last Reported Date: 07/23/14
Founded in 1966

computer task group inc (CTG) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $630.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $305.0K
Senior Vice President
Total Annual Compensation: $305.2K
Senior Vice President
Total Annual Compensation: $303.0K
Senior Vice President
Total Annual Compensation: $269.0K
Compensation as of Fiscal Year 2013.

computer task group inc (CTG) Key Developments

CTG Declares Quarterly Dividend, Payable on October 1, 2014

CTG announced that its board of directors has declared a $0.06 per share dividend on the company's common stock outstanding, payable in cash on October 1, 2014 to shareholders of record on September 22, 2014.

Computer Task Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2014; Provides Earnings Guidance for the Third quarter and Full Year of 2014

Computer Task Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 27, 2014. For the quarter, the company’s revenue was $100,331,000 against $107,117,000 a year ago. Operating income was $5,470,000 against $6,399,000 a year ago. Income before income taxes was $5,415,000 against $6,293,000 a year ago. Net income was $3,233,000 or $0.20 per diluted share against $4,055,000 or $0.24 per diluted share a year ago. Cash provided by operations was $2.7 million in the 2014 second quarter, compared with cash provided by operations of $4.9 million in the 2013 second quarter. Revenue decreased $6.8 million compared with the second quarter of 2013, mostly due to lower revenue in the company's staffing business. The decrease in earnings per share is due to lower operating income, primarily as a result of higher expenses from the company's self-insured medical plan and a higher income tax rate in the second quarter of 2014. The difference in cash provided from operations primarily attributable to lower net income and the changes in working capital. Cash provided from operations was approximately $2.7 million as compared with cash provided from operations of approximately $4.9 million in the second quarter of 2013, with the difference primarily attributable to lower net income and the changes in working capital. For the six months, the company’s revenue was $198,242,000 against $215,612,000 a year ago. Operating income was $10,945,000 against $12,581,000 a year ago. Income before income taxes was $10,793,000 against $12,366,000 a year ago. Net income was $6,399,000 or $0.39 per diluted share against $8,112,000 or $0.47 per diluted share a year ago. Net cash used in operating activities was $6,599,000 against net cash used in operating activities of $2,156,000 a year ago. For the third quarter 2014, the company expects revenue of $96 million – $98 million and diluted net income per share of $0.16 - $0.18. For the full year of 2014, the company expects projected tax rate of 38% - 40% including the expected benefit for these tax credits upon the extension of legislation which expired at the end of 2013. The company expects a revenue range of $390 million to $400 million or a 6% increase at the mid-point of guidance over 2013. Net income per diluted share to be in the range of $0.75 to $0.81 and includes the previous estimate of $0.18 per share from the sale of $6 million in data analytics products. The projected tax rate for the full year 2014 is between 38% and 40%, as The company expects the legislation necessary to extend these tax credits to be passed later in 2014.

Computer Task Group Inc., Q2 2014 Earnings Call, Jul 22, 2014

Computer Task Group Inc., Q2 2014 Earnings Call, Jul 22, 2014

 

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Industry Analysis

CTG

Industry Average

Valuation CTG Industry Range
Price/Earnings 14.2x
Price/Sales 0.4x
Price/Book 1.9x
Price/Cash Flow 15.8x
TEV/Sales 0.5x
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