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

CSG Systems International (NASDAQ:CSGS) released its quarterly earnings data on Wednesday. The technology company reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06, Briefing.com reports. The business had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a return on equity of 33.26% and a net margin of 5.52%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. CSG Systems International updated its FY 2024 guidance to 4.250-4.550 EPS.

CSG Systems International Stock Down 0.6 %

Shares of CSGS stock traded down $0.35 on Friday, hitting $55.58. 387,457 shares of the stock were exchanged, compared to its average volume of 196,020. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $1.64 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82. The business has a 50-day moving average of $48.08 and a 200 day moving average of $45.19. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $57.15.

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.30 per share. 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%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSGS. Royal Bank of Canada upped their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday. Cantor Fitzgerald increased their price target on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Wells Fargo & Company increased their price target on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Benchmark restated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CSG Systems International 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.