Equities analysts expect CSG Systems International, Inc. (NASDAQ:CSGS) to report sales of $226.60 million for the current quarter, Zacks reports. Two analysts have made estimates for CSG Systems International’s earnings, with estimates ranging from $225.20 million to $228.00 million. CSG Systems International posted sales of $201.70 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.3%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, May 1st.
On average, analysts expect that CSG Systems International will report full-year sales of $917.50 million for the current fiscal year, with estimates ranging from $917.00 million to $918.00 million. For the next fiscal year, analysts forecast that the company will post sales of $938.00 million, with estimates ranging from $933.00 million to $943.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CSG Systems International.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.16. CSG Systems International had a net margin of 7.56% and a return on equity of 24.06%. The firm had revenue of $231.70 million for the quarter, compared to analyst estimates of $228.30 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year.
CSGS has been the topic of several research reports. TheStreet upgraded shares of CSG Systems International from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. Zacks Investment Research raised shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, February 7th. BidaskClub raised shares of CSG Systems International from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. B. Riley began coverage on shares of CSG Systems International in a research report on Thursday, February 14th. They set a “buy” rating and a $51.00 target price for the company. Finally, ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CSG Systems International currently has an average rating of “Buy” and a consensus target price of $47.00.
In other news, CEO Bret C. Griess sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $40.88, for a total transaction of $1,022,000.00. Following the completion of the sale, the chief executive officer now directly owns 255,801 shares of the company’s stock, valued at $10,457,144.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth M. Kennedy sold 4,247 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $41.79, for a total transaction of $177,482.13. Following the sale, the executive vice president now directly owns 54,239 shares of the company’s stock, valued at $2,266,647.81. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.
Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in CSG Systems International by 5.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 18,520 shares of the technology company’s stock worth $783,000 after purchasing an additional 1,000 shares in the last quarter. BTIM Corp. grew its position in CSG Systems International by 7.3% in the 1st quarter. BTIM Corp. now owns 533,013 shares of the technology company’s stock worth $22,547,000 after purchasing an additional 36,406 shares in the last quarter. Raymond James Trust N.A. bought a new stake in CSG Systems International in the 1st quarter worth about $223,000. Geode Capital Management LLC grew its position in CSG Systems International by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 534,426 shares of the technology company’s stock worth $16,978,000 after purchasing an additional 7,278 shares in the last quarter. Finally, Norges Bank bought a new stake in CSG Systems International in the 4th quarter worth about $23,381,000. 99.04% of the stock is owned by institutional investors.
Shares of NASDAQ CSGS opened at $43.81 on Friday. CSG Systems International has a 1-year low of $30.40 and a 1-year high of $46.58. The stock has a market cap of $1.46 billion, a PE ratio of 16.79 and a beta of 1.10. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.98.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a dividend of $0.2225 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.21. This represents a $0.89 annualized dividend and a dividend yield of 2.03%. CSG Systems International’s payout ratio is presently 34.10%.
About CSG Systems International
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.
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