CSG Systems International (NASDAQ:CSGS) Announces Quarterly Earnings Results

CSG Systems International (NASDAQ:CSGS) announced its quarterly earnings results on Wednesday. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11, Briefing.com reports. The business had revenue of $290.30 million during the quarter, compared to analysts’ expectations of $269.60 million. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. CSG Systems International updated its FY24 guidance to $4.05-4.35 EPS and its FY 2024 guidance to 4.050-4.350 EPS.

CSG Systems International Stock Performance

Shares of CSG Systems International stock traded down $0.05 during midday trading on Friday, hitting $46.87. The company had a trading volume of 218,802 shares, compared to its average volume of 291,521. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $56.15. The business’s 50 day simple moving average is $42.44 and its two-hundred day simple moving average is $46.73. The stock has a market cap of $1.39 billion, a PE ratio of 21.40, a P/E/G ratio of 1.39 and a beta of 0.81. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.74.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 14th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. CSG Systems International’s dividend payout ratio (DPR) is presently 54.79%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CSGS shares. Wells Fargo & Company cut their price target on shares of CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research report on Wednesday. Royal Bank of Canada cut their price objective on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Cantor Fitzgerald upped their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, CSG Systems International has a consensus rating of “Moderate Buy” and a consensus target price of $58.80.

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.