CSG Systems International (CSGS) to Release Earnings on Wednesday

CSG Systems International (NASDAQ:CSGS) is scheduled to be announcing 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) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. The firm had revenue of $290.30 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 Trading Down 0.0 %

CSG Systems International stock opened at $46.59 on Monday. The stock has a market cap of $1.37 billion, a P/E ratio of 20.99, a PEG ratio of 1.36 and a beta of 0.82. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $55.64. The firm’s fifty day moving average price is $47.68 and its 200-day moving average price is $45.04. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. CSG Systems International’s payout ratio is currently 54.05%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cantor Fitzgerald increased their target price on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.