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

CSG Systems International (NASDAQ:CSGS) issued its quarterly earnings data on Wednesday. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 company had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same period last year, the company posted $0.74 earnings per share. 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 Trading Down 0.6 %

Shares of CSG Systems International stock traded down $0.35 on Friday, reaching $55.58. The company had a trading volume of 387,457 shares, compared to its average volume of 196,020. The firm’s 50-day moving average price is $48.08 and its two-hundred day moving average price is $45.19. The firm has a market cap 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. 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 has a 1 year low of $39.56 and a 1 year high of $57.15.

CSG Systems International Announces Dividend

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

Wall Street Analysts Forecast Growth

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