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

CSG Systems International (NASDAQ:CSGS) is expected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce 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.Parties interested in registering for the company’s conference call can do so using this link.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The company had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company’s revenue for the quarter 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 Stock Performance

Shares of CSGS stock opened at $58.79 on Monday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 1.60 and a beta of 0.88. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $64.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The stock’s fifty day simple moving average is $53.22 and its 200-day simple moving average is $49.89.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.04%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Wall Street Analyst Weigh In

Several research firms recently commented on CSGS. Royal Bank of Canada raised their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CSG Systems International currently has an average 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.