CSG Systems International (NASDAQ:CSGS) Releases FY 2024 Earnings Guidance

CSG Systems International (NASDAQ:CSGS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.250-4.550 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada cut their price target on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday. Finally, Cantor Fitzgerald raised their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $58.80.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS traded up $2.17 during mid-day trading on Wednesday, hitting $51.09. The stock had a trading volume of 468,111 shares, compared to its average volume of 266,687. The firm has a market cap of $1.51 billion, a PE ratio of 22.04, a PEG ratio of 1.36 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. The company has a 50 day moving average of $47.71 and a two-hundred day moving average of $45.03. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $55.64.

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

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, September 13th. CSG Systems International’s payout ratio is 54.05%.

About CSG Systems International

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.