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Computer Task Group, Incorporated (CTG)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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8.35+0.04 (+0.48%)
At close: 4:00PM EDT
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  • C
    Commandor58
    Given recent insider buying at higher prices, I bought some CTG today, 9/14, at $8.20. One of their largest end markets is healthcare, so the Delta version of covid is probably good for their business. Given the hype about hospitalizations, hospitals and others may still be getting extra funding for "covid" patients, increasing their cashflow-to continue their ability to spend with CTG.
  • l
    lucia
    After hours today is rocking +4.70 percent anyone knows why?
  • A
    Anonymous
    On their conference call they keep mentioning a large contract that is supposed to be signed third quarter. Anyone have any ideas on the contract as to who and how large?
  • D
    David
    Massive health care project coming in Q3. Over 1000 people
  • G
    Grandin91
    Taking a Small position here. Looks good to me. Board seems quiet? Anyone interested in this stock besides me?

    July 29, 2021 at 6:55 AM EDT

    Solutions Revenue Increased 10% Year-over-Year, Representing 45% of Total Revenue

    Gross Profit Increased 9% Year-over-Year to 22% of Total Revenue

    GAAP Operating Margin Increased 90 Basis Point Year-over-Year to 3.0%

    GAAP Net Income Increased 4% Year-over-Year, with GAAP EPS of $0.12 Equaling the Prior Year

    Non-GAAP Net Income Improved 35%, with Non-GAAP EPS of $0.13 up 30% Year-over-Year
  • C
    Commandor58
    I think one analyst estimate for the 3rd Q is $84.2 million in sales with $.04 EPS-although I have seen $.05 as well. In any case, I would expect mgt to restart the stock buyback-assuming IBM contract extensions continue.

    Just a speculation, but C19 is changing a number of dynamics in the healthcare industry. CTG may just maybe a net/net beneficiary.
  • C
    Commandor58
    Consensus estimates for the 4th Q are EPS of $.12. The way the stock has been trading, $.15+ will be my guess.

    We will live into the answer.
  • C
    Commandor58
    Looks like a group has filed a 3.1% position. That is the second group to file this year. Could just be value players building large positions, but it could be the start of putting CTG into play.
  • C
    Commandor58
    A group files a 8.1% position. Perhaps this group will try to put CTG into play. Stock would be a double in a buyout.
  • C
    Commandor58
    The consensus earnings estimate is $.08/share for the 2nd Q-stock action would suggest that a "beat" is not going to occur. Still, with recent acquisitions-mgt said they would be accretive-top line growth is assured, bottom line will come as "services" becomes a greater % of sales vs "staffing". The return of Tom Niehaus is very good news for the NA businesses as he presided over much of the growth CTG made during the "EMR" go, go years.

    Going back a year+ ago, mgt did a dutch auction for shares in the $8.80 area, so around $4.00 the stock is stupid cheap. I bought some today at $4.05.
  • M
    Mark S
    The stock price does not make sense. The company is improving its top line revenue, it bottom line profit, expanding through sales and acquisitions, and reducing the total number of shares outstanding, yet it continues to fall. I'm betting that 4th qtr 18 numbers that come out in Feb will be a continued uptrend. Is the stock price going to continue to be disconnected from these fundamental improvements?
  • Y
    Yahoo Finance Insights
    CTG is up 5.20% to 8.49
  • C
    Commandor58
    I picked up some more inventory today, 8/19, at $4.04. Supplies of stock have push CTG back down into the trading range before last Q's good results and guidance. Perhaps there is a micro-cap fund that wants out do to mgt or philosophical change.
  • C
    Commandor58
    Good numbers today. Once the DXY starts falling y/y sales will grow even faster, EPS less so. CTG could earn $.45-$.50 next year (Non GAAP)-targets by analysts should be $8.00-$10.00.
  • C
    Commandor58
    Very nice 2nd Q numbers, stock up to the $4.80s. During the CC, mgt was quite conservative on the 3rd Q-my guess cold be chopped in half to $.05/share.

    Don't expect the stock to run away, if/when the broader averages sell off, CTG could pull back to the $4.20s.

    Mgt is building a better business-assuming some normalcy in 2021 w/r to C19, CTG could earn $.50+/share.
  • p
    parker
    Anyone have a prediction on earnings?
  • C
    Christy
    Why the downturn?
  • C
    Commandor58
    Bought more at $4.15. The question with today's news is the new CEO from Europe need to move to Buffalo, and will he or can he run the company out of Europe. If he doesn't want to move to Buffalo, I live in OHIO and I turned down a job in Buffalo, perhaps CTG puts itself up for sale.

    In the interim, the liquid part of the balance sheet supports the stock price, so investors are getting the business for free.
  • C
    Commandor58
    CTG is a buy under $5.00 with upside to $9.00+ in 2019 on higher sales and earnings, coupled with fewer shares outstanding.
  • P
    Paula Paul
    Same old, same old. What do you expect out of a career CTG'er at the helm? Einstein was right about doing the same thing and expecting different results.