CSG Systems International (NASDAQ:CSGS) Announces Quarterly Earnings Results

CSG Systems International (NASDAQ:CSGS) released its quarterly earnings data on Wednesday. The technology company reported $1.40 EPS for the quarter, beating the consensus estimate 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 Performance

CSGS stock traded up $1.68 during trading on Wednesday, reaching $61.66. 314,260 shares of the stock were exchanged, compared to its average volume of 261,837. The stock has a 50 day simple moving average of $53.40 and a 200-day simple moving average of $50.15. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $64.48. The company has a market capitalization of $1.79 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a $0.30 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 1.95%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Analyst Upgrades and Downgrades

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