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

CSG Systems International, Inc. (NASDAQ:CSGS) – Equities researchers at Northland Capmk boosted their Q2 2024 EPS estimates for shares of CSG Systems International in a note issued to investors on Tuesday, April 23rd. Northland Capmk analyst N. Chokshi now expects that the technology company will post earnings of $0.77 per share for the quarter, up from their previous forecast 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.

Several other research analysts have also weighed in on CSGS. Cantor Fitzgerald reissued an “overweight” rating and set a $63.00 price objective on shares of CSG Systems International in a report on Thursday, February 8th. Royal Bank of Canada began coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target for the company. Finally, Wells Fargo & Company decreased their price target 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 research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.00.

CSG Systems International Stock Performance

CSG Systems International stock opened at $48.19 on Thursday. CSG Systems International has a 12-month low of $45.27 and a 12-month high of $69.35. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.82. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.54 and a quick ratio of 1.54. The firm’s fifty day moving average price is $51.17 and its 200 day moving average price is $51.29.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $273.36 million for the quarter, compared to the consensus estimate of $273.92 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LSV Asset Management boosted its stake in CSG Systems International by 10.6% during the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after purchasing an additional 134,531 shares during the period. Boston Trust Walden Corp boosted its stake in CSG Systems International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock valued at $44,281,000 after purchasing an additional 8,395 shares during the period. Bahl & Gaynor Inc. boosted its stake in CSG Systems International by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after purchasing an additional 24,385 shares during the period. New York State Teachers Retirement System boosted its stake in CSG Systems International by 3.8% during the 3rd quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after purchasing an additional 2,524 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in CSG Systems International by 48.6% during the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after purchasing an additional 14,682 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 2.49%. CSG Systems International’s payout ratio is 54.79%.

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.