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

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

CSG Systems International Price Performance

CSG Systems International stock traded down $0.35 on Friday, reaching $55.58. The company’s stock had a trading volume of 387,457 shares, compared to its average volume of 196,020. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.49 and a beta of 0.82. The business’s fifty day moving average price is $48.08 and its 200 day moving average price is $45.19. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15.

CSG Systems International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday. Cantor Fitzgerald boosted 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. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company boosted their price target on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.