CTG, Inc. (CTG) reports Q1 ’20 results on Tuesday, April 21. As discussed in our recent note, “Reducing Estimates and Price Target to Reflect Potential Impact of COVID-19,” we expect measures enacted across the globe to limit the spread of coronavirus to weigh on CTG’s IT Staffing business.
Read MoreWe lower our FY ’20 estimates for CTG, Inc. (CTG) and reduce our price target from $8.00 to $6.25 based on a FY ’21 EV/EBITDA multiple of 5x. Our revisions reflect the anticipated near-term impact on CTG’s business from measures enacted across the globe to reduce the spread of coronavirus.
Read MoreCTG, Inc. (CTG) has acquired StarDust, a leading provider of testing and quality assurance services based in France, for $4.85 million in cash. The acquisition bolsters the company’s strong presence in Europe and is expected to support the expansion of CTG’s testing services into the North American market.
Read MoreCTG, Inc. (CTG) reported Q4 ’19 results ahead of our estimates, which we note also represent the consensus. The upside was attributable to robust growth in IT Solutions revenue.
Read MoreCTG, Inc. (CTG) reports Q4 ’19 results before the market opens on Tuesday, February 25. We expect results at least in line with our estimates, which sit near the lower end of management’s implied guidance.
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