CSG Systems International (CSGS) Scheduled to Post Quarterly Earnings on Wednesday

CSG Systems International (NASDAQ:CSGS) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.97 per share for the quarter. CSG Systems International has set its FY24 guidance at $3.85 to $4.15 EPS and its FY 2024 guidance at 3.850-4.150 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to analysts’ expectations of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. On average, analysts expect CSG Systems International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CSG Systems International Stock Performance

Shares of CSGS stock opened at $49.55 on Wednesday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 22.63, a PEG ratio of 1.50 and a beta of 0.82. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average is $51.34 and its 200 day moving average is $51.33. CSG Systems International has a 12 month low of $45.27 and a 12 month high of $69.35.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, March 14th. CSG Systems International’s dividend payout ratio is presently 54.79%.

Analyst Ratings Changes

A number of analysts recently commented on CSGS shares. Cantor Fitzgerald restated an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a research note on Thursday, February 8th. Royal Bank of Canada started coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.00.

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.