Q2 2024 EPS Estimates for CSG Systems International, Inc. (NASDAQ:CSGS) Boosted by Analyst

CSG Systems International, Inc. (NASDAQ:CSGS) – Equities research analysts at Northland Capmk lifted their Q2 2024 earnings per share estimates for CSG Systems International in a research note issued to investors on Tuesday, April 23rd. Northland Capmk analyst N. Chokshi now forecasts that the technology company will post earnings of $0.77 per share for the quarter, up from their previous estimate of $0.70. The consensus estimate for CSG Systems International’s current full-year earnings is $3.26 per share. Northland Capmk also issued estimates for CSG Systems International’s FY2025 earnings at $3.18 EPS.

CSGS has been the topic of several other reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $63.00 price target on shares of CSG Systems International in a research note on Thursday, February 8th. Wells Fargo & Company reduced their price target on CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. Finally, Royal Bank of Canada started coverage on CSG Systems International in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CSG Systems International currently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

CSG Systems International Price Performance

CSGS opened at $48.19 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.54 and a current ratio of 1.54. CSG Systems International has a 52-week low of $45.27 and a 52-week high of $69.35. The stock has a market capitalization of $1.41 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.82. The stock’s 50 day moving average price is $51.17 and its 200-day moving average price is $51.29.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. The firm had revenue of $273.36 million for the quarter, compared to analysts’ expectations of $273.92 million.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.30 dividend. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.49%. CSG Systems International’s dividend payout ratio is currently 54.79%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CSGS. SG Americas Securities LLC lifted its holdings in CSG Systems International by 112.4% in the third quarter. SG Americas Securities LLC now owns 26,653 shares of the technology company’s stock valued at $1,363,000 after acquiring an additional 14,104 shares during the period. BNP Paribas Financial Markets increased its position in CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after buying an additional 14,682 shares in the last quarter. New York State Teachers Retirement System increased its position in CSG Systems International by 3.8% in the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock worth $3,523,000 after buying an additional 2,524 shares in the last quarter. Bahl & Gaynor Inc. increased its position in CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock worth $24,761,000 after buying an additional 36,488 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in CSG Systems International by 6.2% in the third quarter. Boston Trust Walden Corp now owns 823,799 shares of the technology company’s stock worth $42,113,000 after buying an additional 48,373 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

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.