CSG Systems International, Inc. (NASDAQ:CSGS) Expected to Earn Q2 2024 Earnings of $0.77 Per Share

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

CSGS has been the subject of several other research reports. Wells Fargo & Company decreased 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 research report on Thursday, February 8th. Royal Bank of Canada assumed coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $63.00 target price on shares of CSG Systems International in a research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

CSG Systems International Price Performance

NASDAQ CSGS opened at $49.83 on Thursday. CSG Systems International has a 52 week low of $45.27 and a 52 week 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 stock has a market cap of $1.46 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.82. The company has a 50-day moving average price of $51.28 and a two-hundred day moving average price of $51.32.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.71 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 during the quarter, compared to analysts’ expectations of $273.92 million.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.30 dividend. 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 dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, March 14th. CSG Systems International’s dividend payout ratio is currently 54.79%.

Institutional Trading of CSG Systems International

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of CSG Systems International by 48.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after acquiring an additional 14,682 shares during the period. LSV Asset Management lifted its stake in CSG Systems International by 10.6% during the fourth 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 last quarter. Bahl & Gaynor Inc. lifted its stake in CSG Systems International by 5.0% during the fourth 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 last quarter. Boston Trust Walden Corp lifted its stake in CSG Systems International by 1.0% during the fourth 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 last quarter. Finally, New York State Teachers Retirement System lifted its stake in CSG Systems International by 3.8% during the third 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 last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.