Zacks: Analysts Anticipate CSG Systems International, Inc. (CSGS) Will Post Quarterly Sales of $236.40 Million

Equities analysts forecast that CSG Systems International, Inc. (NASDAQ:CSGS) will post $236.40 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for CSG Systems International’s earnings, with the highest sales estimate coming in at $246.00 million and the lowest estimate coming in at $226.80 million. CSG Systems International posted sales of $213.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The business is expected to announce its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that CSG Systems International will report full year sales of $951.50 million for the current fiscal year, with estimates ranging from $917.00 million to $986.00 million. For the next year, analysts expect that the company will report sales of $974.00 million, with estimates ranging from $943.00 million to $1.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow CSG Systems International.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). The company had revenue of $227.66 million for the quarter, compared to analyst estimates of $225.95 million. CSG Systems International had a return on equity of 24.90% and a net margin of 7.77%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share.



Several research analysts have recently issued reports on CSGS shares. ValuEngine upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. B. Riley started coverage on shares of CSG Systems International in a report on Thursday, February 14th. They set a “buy” rating and a $51.00 price target for the company. TheStreet upgraded shares of CSG Systems International from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. Zacks Investment Research downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, BidaskClub upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. CSG Systems International presently has a consensus rating of “Buy” and an average price target of $51.00.

In related news, CEO Bret C. Griess sold 25,000 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $40.88, for a total value of $1,022,000.00. Following the sale, the chief executive officer now owns 255,801 shares of the company’s stock, valued at $10,457,144.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kenneth M. Kennedy sold 4,247 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $41.79, for a total transaction of $177,482.13. Following the completion of the sale, the executive vice president now directly owns 54,239 shares in the company, valued at approximately $2,266,647.81. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. BTIM Corp. increased its holdings in CSG Systems International by 11.0% during the 4th quarter. BTIM Corp. now owns 496,607 shares of the technology company’s stock worth $15,778,000 after purchasing an additional 49,386 shares during the last quarter. Arizona State Retirement System increased its holdings in CSG Systems International by 5.6% during the 4th quarter. Arizona State Retirement System now owns 51,325 shares of the technology company’s stock worth $1,631,000 after purchasing an additional 2,708 shares during the last quarter. Rhumbline Advisers increased its holdings in CSG Systems International by 13.9% during the 4th quarter. Rhumbline Advisers now owns 132,238 shares of the technology company’s stock worth $4,201,000 after purchasing an additional 16,174 shares during the last quarter. Cavalier Investments LLC purchased a new stake in CSG Systems International during the 4th quarter worth approximately $85,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in CSG Systems International during the 4th quarter worth approximately $403,000. 99.04% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CSGS opened at $45.18 on Tuesday. The firm has a market cap of $1.53 billion, a PE ratio of 17.31 and a beta of 1.10. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.72 and a quick ratio of 1.71. CSG Systems International has a 52-week low of $30.40 and a 52-week high of $49.75.

About CSG Systems International

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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