CSG Systems International (CSGS) Expected to Announce Quarterly Earnings on Wednesday

CSG Systems International (NASDAQ:CSGS) is projected to post its quarterly earnings results 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. 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 Up 0.4 %

Shares of NASDAQ:CSGS opened at $59.01 on Tuesday. The business’s 50 day simple moving average is $53.22 and its two-hundred day simple moving average is $49.93. The firm has a market cap of $1.72 billion, a P/E ratio of 26.00, a PEG ratio of 1.61 and a beta of 0.88. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $64.48.

CSG Systems International Announces Dividend

The firm also recently declared 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, December 18th. CSG Systems International’s payout ratio is 52.86%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSGS. Royal Bank of Canada lifted their price target on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on 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 reiterated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. One research 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.com, CSG Systems International has an average rating of “Buy” and an average price target of $62.00.

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.