CSG Systems International (NASDAQ:CSGS) Issues FY 2019 Earnings Guidance

CSG Systems International (NASDAQ:CSGS) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.15-3.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.29. The company issued revenue guidance of $965-995 million, compared to the consensus revenue estimate of $915.8 million.CSG Systems International also updated its FY19 guidance to $3.15-3.31 EPS.

NASDAQ CSGS traded down $0.50 during trading on Friday, reaching $50.47. 250,871 shares of the company’s stock were exchanged, compared to its average volume of 200,655. The firm has a market cap of $1.61 billion, a PE ratio of 19.34 and a beta of 1.06. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a 50 day simple moving average of $49.37. CSG Systems International has a 1 year low of $30.40 and a 1 year high of $57.20.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.04. The company had revenue of $245.90 million during the quarter, compared to the consensus estimate of $227.60 million. CSG Systems International had a return on equity of 25.78% and a net margin of 7.95%. CSG Systems International’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. As a group, research analysts anticipate that CSG Systems International will post 2.77 earnings per share for the current fiscal year.

CSGS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded CSG Systems International from a buy rating to a hold rating in a report on Tuesday, July 2nd. BidaskClub raised CSG Systems International from a hold rating to a buy rating in a report on Tuesday, July 30th. Finally, ValuEngine cut CSG Systems International from a buy rating to a hold rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $51.00.

In other news, Director Donald Reed sold 6,800 shares of CSG Systems International stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total transaction of $313,412.00. Following the sale, the director now owns 34,868 shares in the company, valued at $1,607,066.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is currently owned by insiders.

About CSG Systems International

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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