CSG Systems International (CSGS) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
CSG Systems International (NASDAQ:CSGS) posted its quarterly earnings results on Wednesday. The technology company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.03), Briefing.com reports. The business had revenue of $205.20 million during the quarter, compared to analyst estimates of $199.21 million. CSG Systems International had a net margin of 7.57% and a return on equity of 22.11%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. CSG Systems International updated its FY18 guidance to $2.76-2.89 EPS.
Shares of CSG Systems International (NASDAQ:CSGS) traded up $2.12 during trading hours on Thursday, hitting $46.10. 179,983 shares of the stock were exchanged, compared to its average volume of 154,435. The firm has a market cap of $1,474.03, a price-to-earnings ratio of 25.72 and a beta of 1.00. CSG Systems International has a 12 month low of $35.48 and a 12 month high of $48.31. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.97.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be paid a $0.21 dividend. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. CSG Systems International’s dividend payout ratio is currently 44.13%.
A number of research analysts have issued reports on the stock. BidaskClub raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Zacks Investment Research lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price target on shares of CSG Systems International in a research note on Friday, November 3rd.
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CSG Systems International Company Profile
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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