Research Analysts Offer Predictions for CSGS FY2024 Earnings

CSG Systems International, Inc. (NASDAQ:CSGS) – Stock analysts at Cantor Fitzgerald dropped their FY2024 earnings estimates for shares of CSG Systems International in a research report issued on Tuesday, January 14th. Cantor Fitzgerald analyst B. Knoblauch now anticipates that the technology company will earn $3.34 per share for the year, down from their previous forecast of $3.54. The consensus estimate for CSG Systems International’s current full-year earnings is $3.47 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 (EPS) for the quarter, meeting 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 analyst estimates of $283.13 million. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year.

Several other equities analysts also recently weighed in on the stock. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Benchmark restated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. Wells Fargo & Company upped 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 report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price target on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $62.00.

CSG Systems International Trading Up 1.5 %

NASDAQ:CSGS opened at $52.85 on Thursday. 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 moving average price of $53.06 and a 200-day moving average price of $48.82. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.88. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. CSG Systems International’s dividend payout ratio is 52.86%.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC boosted its holdings in shares of CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares in the last quarter. Quantbot Technologies LP purchased a new position in CSG Systems International during the 3rd quarter valued at approximately $294,000. Cornercap Investment Counsel Inc. increased its stake in 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 acquiring an additional 3,001 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of CSG Systems International during the 3rd quarter worth approximately $840,000. 91.07% of the stock is currently owned by institutional investors.

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.