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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CSGS. Cantor Fitzgerald increased their price objective on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday. 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. Benchmark restated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research note on Tuesday. Finally, Wells Fargo & Company increased 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.60.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS traded down $0.35 during trading on Friday, hitting $55.58. The company had a trading volume of 387,457 shares, compared to its average volume of 196,020. The stock has a 50 day simple moving average of $48.08 and a 200 day simple moving average of $45.19. The firm has a market capitalization of $1.64 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82. 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 has a 12 month low of $39.56 and a 12 month high of $57.15.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 33.26% and a net margin of 5.52%. The company had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $283.13 million. During the same period in the previous year, the firm earned $0.74 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Dividend Announcement

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