CSG Systems International (CSGS) Projected to Post Earnings on Wednesday

CSG Systems International (NASDAQ:CSGS) is anticipated to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect CSG Systems International to post earnings of $1.20 per share and revenue of $289.89 million for the quarter. CSG Systems International has set its FY 2024 guidance at 4.250-4.550 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. During the same quarter in the previous year, the business posted $0.74 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. 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 Price Performance

Shares of CSGS opened at $56.44 on Wednesday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.48 and a beta of 0.88. The firm’s fifty day simple moving average is $52.98 and its 200-day simple moving average is $49.52. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Analyst Upgrades and Downgrades

CSGS has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a 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 note on Thursday, November 7th. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.