Equities Analysts Issue Forecasts for CSGS FY2024 Earnings

CSG Systems International, Inc. (NASDAQ:CSGS) – Equities researchers at Cantor Fitzgerald upped their FY2024 earnings estimates for CSG Systems International in a research report issued on Thursday, November 7th. Cantor Fitzgerald analyst B. Knoblauch now expects that the technology company will post earnings per share of $3.52 for the year, up from their prior estimate 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) last announced its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share.

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

CSG Systems International Trading Up 1.2 %

Shares of CSG Systems International stock opened at $56.23 on Monday. The company’s fifty day simple moving average is $48.08 and its 200-day simple moving average is $45.13. The stock has a market capitalization of $1.66 billion, a PE ratio of 24.70, a P/E/G ratio of 1.62 and a beta of 0.82. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.59.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.13%. CSG Systems International’s dividend payout ratio is currently 52.86%.

Institutional Trading of CSG Systems International

A number of institutional investors and hedge funds have recently bought and sold shares of CSGS. Central Pacific Bank Trust Division increased its holdings in CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after acquiring an additional 610 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after buying an additional 1,698 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of CSG Systems International in the 2nd quarter worth about $243,000. EMC Capital Management increased its holdings in shares of CSG Systems International by 28.1% in the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after buying an additional 1,056 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. increased its holdings in shares of CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors.

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.