CSG Systems International (NASDAQ:CSGS) Announces Earnings Results, Hits Expectations

CSG Systems International (NASDAQ:CSGS) posted its quarterly earnings results on Wednesday. The technology company reported $1.06 EPS 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 business had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. CSG Systems International’s revenue for the quarter was up 2.9% compared to the same quarter last year. CSG Systems International updated its FY 2024 guidance to 4.250-4.550 EPS.

CSG Systems International Trading Down 0.6 %

Shares of CSGS traded down $0.35 on Friday, hitting $55.58. 387,457 shares of the stock traded hands, compared to its average volume of 196,020. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $57.15. The stock’s 50 day moving average is $48.08 and its two-hundred day moving average is $45.19. The firm has a market capitalization of $1.64 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.49 and a beta of 0.82.

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued 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 is currently 52.86%.

Wall Street Analysts Forecast Growth

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

About CSG Systems International

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.