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

CSG Systems International (NASDAQ:CSGS) released 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 net margin of 5.52% and a return on equity of 33.26%. The business had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. During the same period in the previous year, the business earned $0.74 EPS. CSG Systems International’s revenue 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 Price Performance

NASDAQ CSGS traded down $0.35 during trading hours on Friday, reaching $55.58. 387,457 shares of the stock traded hands, compared to its average volume of 196,020. The stock has a 50 day simple moving average of $48.08 and a two-hundred day simple moving average of $45.19. CSG Systems International has a 1 year low of $39.56 and a 1 year 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. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82.

CSG Systems International Dividend Announcement

The business also recently announced 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 yield of 2.16%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Wall Street Analysts Forecast Growth

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