CSG Systems International (NASDAQ:CSGS) Posts Earnings Results, Meets Estimates

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

CSG Systems International Stock Performance

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

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. CSG Systems International's payout ratio is presently 52.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CSGS. Cantor Fitzgerald upped their target price 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. 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 report on Thursday. StockNews.com lowered CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday. Benchmark reiterated a "buy" rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday. Finally, 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 research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.