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

CSG Systems International (NASDAQ:CSGS) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.250-4.550 for the period, compared to the consensus EPS 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 Performance

Shares of CSGS traded down $0.35 during mid-day trading on Friday, reaching $55.58. The company had a trading volume of 387,457 shares, compared to its average volume of 196,020. The stock has a market capitalization of $1.64 billion, a P/E ratio of 24.48, a PEG ratio of 1.49 and a beta of 0.82. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $57.15. The stock has a 50 day moving average of $48.08 and a two-hundred day moving average of $45.19. 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 (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 33.26%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, analysts expect that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Announces Dividend

The business 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. The ex-dividend date 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 dividend payout ratio (DPR) is presently 52.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday. Wells Fargo & Company upped 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. Cantor Fitzgerald raised their price objective on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report 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. Finally, Royal Bank of Canada lifted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday. One equities 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 an average rating of “Moderate Buy” and a consensus 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.