CSG Systems International (CSGS) to Release Quarterly Earnings on Wednesday

CSG Systems International (NASDAQ:CSGS - Get Free Report) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. CSG Systems International has set its FY24 guidance at $4.05-4.35 EPS and its FY 2024 guidance at 4.050-4.350 EPS.Investors that wish to register for the company's conference call can do so using this link.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. The company had revenue of $290.30 million during the quarter, compared to analyst estimates of $269.60 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts expect CSG Systems International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CSG Systems International Stock Down 0.7 %

Shares of NASDAQ:CSGS traded down $0.33 during midday trading on Wednesday, hitting $47.29. 204,053 shares of the company's stock traded hands, compared to its average volume of 264,955. The firm's fifty day moving average price is $47.67 and its two-hundred day moving average price is $45.06. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $55.64. The company has a market cap of $1.40 billion, a PE ratio of 21.74, a P/E/G ratio of 1.42 and a beta of 0.82.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, September 13th. CSG Systems International's dividend payout ratio is presently 54.79%.

Analyst Ratings Changes

CSGS has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on CSG Systems International from $61.00 to $52.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Benchmark reissued a "buy" rating and set a $75.00 target price on shares of CSG Systems International in a research report on Wednesday, August 7th. Cantor Fitzgerald raised their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CSG Systems International presently has a consensus rating of "Buy" and an average price target of $58.80.

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.