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Computer Task Group Inc (CTG.OQ)

CTG.OQ on NASDAQ Stock Exchange Global Select Market

6.99USD
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

CTG Expands Share Repurchase Authorization By $10 Mln
Monday, 2 Apr 2018 06:55am EDT 

April 2 (Reuters) - Computer Task Group Inc ::CTG EXPANDS SHARE REPURCHASE AUTHORIZATION BY $10 MILLION.‍DIRECTORS AUTHORIZED CO'S REPURCHASE OF ADDITIONAL $10 MILLION OF CTG'S OUTSTANDING SHARES​.  Full Article

Computer Task Group Commences Modified Dutch Auction Tender Offer
Friday, 16 Mar 2018 06:55am EDT 

March 16 (Reuters) - Computer Task Group Inc ::COMPUTER TASK GROUP, INCORPORATED COMMENCES MODIFIED DUTCH AUCTION TENDER OFFER TO REPURCHASE UP TO 1,530,990 SHARES OF ITS COMMON STOCK.  Full Article

CTG Announces Acquisition Of Soft Company‍​
Thursday, 15 Feb 2018 08:19am EST 

Feb 15 (Reuters) - Computer Task Group Inc ::CTG ANNOUNCES ACQUISITION OF SOFT COMPANY‍​.COMPUTER TASK GROUP INC - ALL-CASH TRANSACTION IS VALUED AT $16.5 MILLION‍​.COMPUTER TASK GROUP INC - DEAL IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CTG’S OPERATING MARGIN AND EARNINGS PER SHARE.COMPUTER TASK GROUP - DEAL FUNDED WITH COMBINATION CASH ON HAND&DRAWDOWN OF CAPITAL FROM CO'S RECENTLY EXPANDED THREE-YEAR REVOLVING CREDIT FACILITY.COMPUTER TASK GROUP INC - TRANSACTION ADDS ABOUT $30 MILLION IN ANNUALIZED REVENUE‍​.COMPUTER TASK GROUP INC - BOARDS OF DIRECTORS OF BOTH COMPANIES UNANIMOUSLY APPROVED TRANSACTION.COMPUTER TASK GROUP - POST DEAL, SOFT COMPANY TO OPERATE AS UNIT OF CTG EUROPE, TO CONTINUE TO BE LED BY CURRENT SOFT COMPANY MANAGEMENT TEAM‍​.  Full Article

Computer Task Group Enters Into Credit And Security Agreement
Tuesday, 26 Dec 2017 06:56am EST 

Dec 26 (Reuters) - Computer Task Group Inc ::COMPUTER TASK GROUP SAYS ON DEC 21, CO ENTERED INTO CREDIT AND SECURITY AGREEMENT - SEC FILING.COMPUTER TASK GROUP - CREDIT AGREEMENT PROVIDES FOR A THREE-YEAR REVOLVING CREDIT FACILITY OF $45 MILLION.  Full Article

CTG REPORTS NON-GAAP EARNINGS PER SHARE $0.05 EXCLUDING ITEMS
Tuesday, 24 Oct 2017 06:55am EDT 

Oct 24 (Reuters) - Computer Task Group Inc :CTG REPORTS 2017 THIRD QUARTER RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.05 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.00.Q3 REVENUE FELL 5.2 PERCENT TO $74 MILLION.SEES FY 2017 NON-GAAP EARNINGS PER SHARE $0.21 TO $0.23.SEES FY 2017 GAAP EARNINGS PER SHARE $0.13 TO $0.15.SEES Q4 2017 EARNINGS PER SHARE $0.05 TO $0.07.SEES Q4 2017 REVENUE $72 MILLION TO $75 MILLION.SEES FY 2017 REVENUE $298.5 MILLION TO $301.5 MILLION."‍BELIEVE WE ARE WELL POSITIONED TO ACHIEVE REVENUE GROWTH AND INCREASED PROFITABILITY IN 2018"​.  Full Article

CTG reports Q2 EPS $0.03
Tuesday, 25 Jul 2017 06:55am EDT 

July 25 (Reuters) - Computer Task Group Inc :CTG reports 2017 second quarter results.Q2 non-GAAP earnings per share $0.06.Q2 GAAP earnings per share $0.03.Q2 revenue $75.5 million versus $83.5 million.Sees FY 2017 non-GAAP earnings per share $0.22 to $0.26.Sees Q3 2017 earnings per share $0.04 to $0.06.Sees FY 2017 GAAP earnings per share $0.19 to $0.23.Sees Q3 2017 revenue $75 million to $77 million.Sees FY 2017 revenue $305 million to $315 million."We remain on track to execute our three-year strategic plan".GAAP net income in Q2 of 2017 included approximately $0.6 million in severance-related charges, net of tax.‍Revised full-year revenue guidance reflects weaker demand co experienced from several of its large staffing clients in Q2​.‍Revised full-year revenue guidance also reflects unexpected delay in issued purchase orders from one of co's largest clients​.Q3 earnings per share view $0.07, revenue view $80.4 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $0.24, revenue view $318.8 million -- Thomson Reuters I/B/E/S."Optimistic" that co will return to year-over year revenue growth in Q4 2017.  Full Article

Computer Task Group extends repurchase plan for continued repurchase of shares
Friday, 7 Jul 2017 07:20am EDT 

July 7 (Reuters) - Computer Task Group Inc :Computer Task Group says extended repurchase plan to facilitate continued repurchase of shares as part of existing stock buyback program - SEC filing.  Full Article

Computer Task Group Q1 earnings per share $0.05
Tuesday, 25 Apr 2017 06:55am EDT 

April 25 (Reuters) - Computer Task Group Inc ::CTG reports 2017 first quarter results.Q1 earnings per share $0.05.Sees Q2 2017 earnings per share $0.04 to $0.06.Sees FY 2017 earnings per share $0.19 to $0.29.Sees Q2 2017 revenue $77 million to $79 million.Sees FY 2017 revenue $312 million to $332 million.Q1 revenue $77 million.Computer Task Group Inc says continued to execute on three-year strategic plan and financial targets from 2017-2019.Consolidated chief financial officer and treasurer positions.Computer Task Group - John Laubacker promoted to senior vice president, CFO, treasurer upon resignation by mutual agreement of Brendan Harrington.For full year 2017 operating margin anticipated to be approximately 1.9%.  Full Article

CTG reports Q4 EPS $0.07
Tuesday, 21 Feb 2017 06:55am EST 

Computer Task Group Inc - : Reports 2016 fourth quarter and full year results . Q4 earnings per share $0.07 . Sees fy 2017 revenue $312 million to $332 million . Q4 revenue $77.5 million . Sees q1 2017 revenue $76 million to $78 million . Net income is expected to be between $0.04 and $0.06 per diluted share for q1 2017 . For full year 2017 net income is expected to be between $0.19 and $0.29 per diluted share . Says established certain performance objectives for achievement by end of 2019 . Sees revenue goal is $400 million, which represents an approximate 7 pct compounded organic annual growth rate by the end of 2019 . Excluding impact of items, revenue growth in 2017 would be 5.6 pct at midpoint of guidance .Sees diluted earnings per share in $0.45 to $0.55 range by the end of 2019.  Full Article

CTG announces 10b5-1 plan to facilitate continued share repurchases
Friday, 6 Jan 2017 09:00am EST 

Computer Task Group Inc : CTG announces 10b5-1 plan to facilitate continued share repurchases .Computer Task Group - plan is effective from January 9, 2017 until day following company's release of its 2016 Q4 and full year financial result.  Full Article