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

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

CSG Systems International Stock Up 2.8 %

CSGS traded up $1.68 during trading on Wednesday, reaching $61.66. 314,548 shares of the stock traded hands, compared to its average volume of 263,314. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The stock’s 50-day simple moving average is $53.40 and its two-hundred day simple moving average is $50.15. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $64.48. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58.

CSG Systems International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were given a $0.30 dividend. 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 (DPR) is presently 52.86%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Benchmark restated a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.