$0.81 EPS Expected for CSG Systems International, Inc. (NASDAQ:CSGS) This Quarter

Equities analysts predict that CSG Systems International, Inc. (NASDAQ:CSGS) will post earnings per share of $0.81 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for CSG Systems International’s earnings. CSG Systems International reported earnings per share of $0.73 during the same quarter last year, which would indicate a positive year over year growth rate of 11%. The company is expected to announce its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that CSG Systems International will report full-year earnings of $3.29 per share for the current year. For the next fiscal year, analysts forecast that the firm will report earnings of $3.57 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for CSG Systems International.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.06). CSG Systems International had a net margin of 7.77% and a return on equity of 24.90%. The company had revenue of $227.66 million for the quarter, compared to analyst estimates of $225.95 million. During the same quarter last year, the company posted $0.69 EPS. CSG Systems International’s revenue was up 12.9% on a year-over-year basis.

CSGS has been the subject of a number of recent research reports. Zacks Investment Research upgraded CSG Systems International from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, May 8th. BidaskClub upgraded CSG Systems International from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. CSG Systems International currently has an average rating of “Buy” and an average target price of $51.00.

Shares of NASDAQ:CSGS opened at $48.83 on Wednesday. CSG Systems International has a one year low of $30.40 and a one year high of $49.75. The firm’s fifty day moving average is $46.44. The firm has a market cap of $1.61 billion, a P/E ratio of 17.86 and a beta of 1.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.72 and a quick ratio of 1.72.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Tuesday, June 4th were issued a $0.222 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.82%. CSG Systems International’s payout ratio is currently 34.10%.

In other news, Director Donald Reed sold 6,800 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total value of $313,412.00. Following the completion of the sale, the director now owns 34,868 shares in the company, valued at $1,607,066.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of CSG Systems International in the first quarter valued at about $455,000. O Shaughnessy Asset Management LLC bought a new stake in shares of CSG Systems International in the first quarter valued at about $124,000. Oak Associates Ltd. OH bought a new stake in shares of CSG Systems International in the first quarter valued at about $222,000. Martingale Asset Management L P lifted its stake in shares of CSG Systems International by 16.2% in the first quarter. Martingale Asset Management L P now owns 163,813 shares of the technology company’s stock valued at $6,931,000 after buying an additional 22,800 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its stake in shares of CSG Systems International by 5.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 8,333 shares of the technology company’s stock valued at $352,000 after buying an additional 404 shares during the period. Institutional investors own 98.44% of the company’s stock.

CSG Systems International Company Profile

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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