CSG Systems International (CSGS) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS
CSG Systems International (NASDAQ:CSGS) announced its earnings results on Tuesday. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.08, Analyst Ratings News reports. The company had revenue of $194.50 million for the quarter, compared to the consensus estimate of $195.50 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. CSG Systems International updated its FY14 guidance to $2.05-2.17 EPS.
On a related note, analysts at Thomson Reuters/Verus upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.82.
Shares of CSG Systems International (NASDAQ:CSGS) traded up 0.14% on Tuesday, hitting $28.86. 231,714 shares of the company’s stock traded hands. CSG Systems International has a 52-week low of $18.21 and a 52-week high of $32.11. The stock’s 50-day moving average is $29.85 and its 200-day moving average is $26.76. The company has a market cap of $916.4 million and a P/E ratio of 16.10.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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