Analysts Set Expectations for CSG Systems International, Inc.’s Q1 2024 Earnings (NASDAQ:CSGS)

CSG Systems International, Inc. (NASDAQ:CSGS) – Analysts at Northland Capmk decreased their Q1 2024 earnings per share estimates for shares of CSG Systems International in a report issued on Tuesday, April 23rd. Northland Capmk analyst N. Chokshi now expects that the technology company will post earnings of $0.78 per share for the quarter, down from their prior forecast of $0.97. 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 Q3 2024 earnings at $0.85 EPS, Q4 2024 earnings at $0.88 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.82 EPS and Q4 2025 earnings at $0.85 EPS.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $273.36 million for the quarter, compared to the consensus estimate of $273.92 million.

A number of other equities research analysts also recently issued reports on CSGS. Cantor Fitzgerald restated an “overweight” rating and set a $63.00 price objective on shares of CSG Systems International in a research report on Thursday, February 8th. Royal Bank of Canada initiated coverage on CSG Systems International in a report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

CSG Systems International Stock Up 0.6 %

Shares of NASDAQ:CSGS opened at $49.83 on Wednesday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 1.51 and a beta of 0.82. CSG Systems International has a 12 month low of $45.27 and a 12 month 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 company has a 50-day moving average price of $51.28 and a 200 day moving average price of $51.32.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, March 14th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio is 54.79%.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in CSG Systems International by 112.4% in the 3rd quarter. SG Americas Securities LLC now owns 26,653 shares of the technology company’s stock worth $1,363,000 after buying an additional 14,104 shares during the period. BNP Paribas Financial Markets increased its position in shares of CSG Systems International by 48.6% during the fourth 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. New York State Teachers Retirement System raised its stake in shares of 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 acquiring an additional 2,524 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock valued at $24,761,000 after purchasing an additional 36,488 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of CSG Systems International by 6.2% in the third quarter. Boston Trust Walden Corp now owns 823,799 shares of the technology company’s stock valued at $42,113,000 after purchasing an additional 48,373 shares during the period. 91.07% of the stock is currently owned by institutional investors.

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.