FY2024 EPS Estimates for CSGS Increased by Cantor Fitzgerald

CSG Systems International, Inc. (NASDAQ:CSGS - Free Report) - Equities researchers at Cantor Fitzgerald boosted their FY2024 earnings estimates for shares of CSG Systems International in a research note issued to investors on Thursday, November 7th. Cantor Fitzgerald analyst B. Knoblauch now anticipates that the technology company will post earnings per share of $3.52 for the year, up from their previous forecast of $3.42. Cantor Fitzgerald currently has a "Overweight" rating and a $64.00 price objective on the stock. The consensus estimate for CSG Systems International's current full-year earnings is $3.44 per share.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The firm 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 32.77% and a net margin of 5.52%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS.

Several other brokerages have also issued reports on CSGS. Benchmark restated a "buy" rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Thursday. StockNews.com lowered shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Finally, Royal Bank of Canada increased their target price on CSG Systems International from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.60.

CSG Systems International Stock Performance

CSGS traded up $0.65 during midday trading on Monday, reaching $56.23. The company had a trading volume of 188,752 shares, compared to its average volume of 268,509. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.59 and a current ratio of 1.58. The stock has a market cap of $1.66 billion, a PE ratio of 24.70, a P/E/G ratio of 1.62 and a beta of 0.82. The business has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $45.13. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $57.15.

Hedge Funds Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of CSG Systems International by 30.5% during the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company's stock worth $30,665,000 after acquiring an additional 173,944 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company's stock valued at $40,498,000 after buying an additional 156,222 shares during the last quarter. Delphi Management Inc. MA purchased a new position in shares of CSG Systems International in the first quarter worth about $1,599,000. Lazard Asset Management LLC lifted its stake in shares of CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company's stock valued at $2,748,000 after acquiring an additional 28,666 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in CSG Systems International during the 3rd quarter worth approximately $840,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Dividend Announcement

The business 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. This represents a $1.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, September 13th. CSG Systems International's dividend payout ratio (DPR) is currently 52.86%.

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.