CSG Systems International (NASDAQ:CSGS) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

CSG Systems International (NASDAQ:CSGS) released its earnings results on Wednesday. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.20, Zacks reports. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%.

CSG Systems International Trading Up 2.8 %

Shares of CSG Systems International stock traded up $1.68 during trading hours on Wednesday, hitting $61.66. The company’s stock had a trading volume of 314,260 shares, compared to its average volume of 261,837. The business has a fifty day moving average of $53.40 and a 200 day moving average of $50.15. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $64.48. The company has a market capitalization of $1.79 billion, a PE ratio of 27.16, a P/E/G ratio of 1.61 and a beta of 0.89.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.95%. CSG Systems International’s dividend payout ratio is presently 52.86%.

Analysts Set New Price Targets

CSGS has been the topic of a number of research reports. StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their price objective on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $62.00.

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.