CSG Systems International (NASDAQ:CSGS) Releases FY 2024 Earnings Guidance

CSG Systems International (NASDAQ:CSGS) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.250-4.550 for the period, compared to the consensus estimate of 4.230. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Wall Street Analysts Forecast Growth

CSGS has been the topic of several research analyst reports. Wells Fargo & Company boosted 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. Cantor Fitzgerald boosted their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. 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. Benchmark reaffirmed a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a report on Tuesday. Finally, StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.60.

CSG Systems International Trading Down 0.6 %

CSGS stock traded down $0.35 during midday trading on Friday, reaching $55.58. 387,457 shares of the company traded hands, compared to its average volume of 196,020. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.49 and a beta of 0.82. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $57.15. The business has a 50 day moving average of $48.08 and a 200-day moving average of $45.19. 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 (NASDAQ:CSGS) last released its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a return on equity of 33.26% and a net margin of 5.52%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, sell-side analysts expect that CSG Systems International will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, September 13th. CSG Systems International’s payout ratio is currently 52.86%.

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.