Analysts Issue Forecasts for CSGS FY2024 Earnings

CSG Systems International, Inc. (NASDAQ:CSGS) – Stock analysts at Cantor Fitzgerald decreased their FY2024 EPS estimates for shares of CSG Systems International in a report released 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 prior forecast of $3.54. The consensus estimate for CSG Systems International’s current full-year earnings is $3.48 per share.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share 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 for the quarter, compared to analyst estimates of $283.13 million. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

CSGS has been the subject of a number of other reports. Wells Fargo & Company raised their price objective 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. Royal Bank of Canada upped their price objective 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. Benchmark reaffirmed a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $62.00.

CSG Systems International Price Performance

CSG Systems International stock opened at $51.55 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. The firm’s 50-day simple moving average is $53.19 and its 200 day simple moving average is $48.71. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $57.15. The firm has a market capitalization of $1.50 billion, a PE ratio of 22.71, a P/E/G ratio of 1.55 and a beta of 0.86.

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. CSG Systems International’s payout ratio is currently 52.86%.

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares during the period. Dean Investment Associates LLC raised its position in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after buying an additional 64,066 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after acquiring an additional 302 shares during the last quarter. Martingale Asset Management L P purchased a new stake in CSG Systems International during the third quarter valued at about $866,000. Finally, SG Americas Securities LLC acquired a new stake in CSG Systems International during the third quarter worth about $840,000. 91.07% of the stock is currently owned by hedge funds and other 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.