CSG Systems International (NASDAQ:CSGS) Issues FY 2024 Earnings Guidance

CSG Systems International (NASDAQ:CSGS) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.250-4.550 for the period, compared to the consensus estimate of 4.230. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

CSG Systems International Stock Down 0.6 %

Shares of CSGS stock traded down $0.35 on Friday, hitting $55.58. The stock had a trading volume of 387,457 shares, 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 one year low of $39.56 and a one year high of $57.15. The business has a 50 day moving average price of $48.08 and a 200 day moving average price of $45.19. The company has a market cap of $1.64 billion, a PE ratio of 24.48, a P/E/G ratio of 1.49 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. 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 during the quarter, compared to the consensus estimate of $283.13 million. During the same period last year, the firm earned $0.74 earnings per share. CSG Systems International’s revenue was up 2.9% compared to the same quarter last year. Research analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. CSG Systems International’s payout ratio is currently 52.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSGS. Royal Bank of Canada raised their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday. Wells Fargo & Company raised their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday. Cantor Fitzgerald lifted their price target 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. Finally, StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.60.

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.