CSG Systems International (NASDAQ:CSGS) Issues Earnings Results, Hits Estimates

CSG Systems International (NASDAQ:CSGS) issued its quarterly earnings data on Wednesday. The technology company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06, Briefing.com reports. CSG Systems International had a return on equity of 33.26% and a net margin of 5.52%. The company had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. CSG Systems International updated its FY 2024 guidance to 4.250-4.550 EPS.

CSG Systems International Trading Down 0.6 %

NASDAQ CSGS traded down $0.35 on Friday, hitting $55.58. 387,457 shares of the stock were exchanged, compared to its average volume of 196,020. The company’s 50-day moving average price is $48.08 and its two-hundred day moving average price is $45.19. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.49 and a beta of 0.82. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $57.15. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Wall Street Analyst Weigh In

CSGS has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Cantor Fitzgerald lifted their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Wells Fargo & Company raised their price target on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.