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

CSG Systems International (NASDAQ:CSGS) is scheduled to issue its quarterly earnings data 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.Parties interested in participating in the company’s earnings conference call can do so using this link.

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

CSGS opened at $49.55 on Wednesday. CSG Systems International has a 12-month low of $45.27 and a 12-month high of $69.35. 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 has a market capitalization of $1.45 billion, a PE ratio of 22.63, a P/E/G ratio of 1.50 and a beta of 0.82. The firm has a 50 day moving average of $51.34 and a two-hundred day moving average of $51.33.

CSG Systems International Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CSGS. Cantor Fitzgerald reissued an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a research report 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 for the company. Finally, Wells Fargo & Company cut their target price on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to 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.