CSG Systems International (NASDAQ:CSGS) Announces Earnings Results, Beats Expectations By $0.20 EPS

CSG Systems International (NASDAQ:CSGS) posted its earnings results on Wednesday. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20, Zacks reports. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%.

CSG Systems International Stock Performance

CSGS traded up $1.68 during trading on Wednesday, reaching $61.66. 314,548 shares of the company’s stock were exchanged, compared to its average volume of 263,314. The company’s fifty day simple moving average is $53.40 and its 200-day simple moving average is $50.15. The stock has a market capitalization of $1.79 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $64.48.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.95%. CSG Systems International’s payout ratio is currently 52.86%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CSGS shares. Benchmark reiterated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. Royal Bank of Canada raised their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased 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, November 7th. Finally, StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CSG Systems International presently has an average rating of “Buy” and an average price target of $62.00.

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.