CSG Systems International, Inc. (NASDAQ:CSGS) to Issue $0.30 Quarterly Dividend

CSG Systems International, Inc. (NASDAQ:CSGS) announced a quarterly dividend on Wednesday, September 11th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.30 per share by the technology company on Friday, September 27th. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, September 13th.

CSG Systems International has increased its dividend by an average of 6.0% annually over the last three years and has raised its dividend every year for the last 11 years. CSG Systems International has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CSG Systems International to earn $3.62 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.1%.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $45.42 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $55.64. The business has a 50-day moving average price of $45.32 and a 200-day moving average price of $45.95. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. The business had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. As a group, equities research analysts predict that CSG Systems International will post 3.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CSGS shares. Royal Bank of Canada reduced their price target on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company reduced their target price on CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Cantor Fitzgerald increased their price target on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Wednesday, August 7th. Finally, StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $58.80.

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.