CSG Systems International (CSGS) Posts Quarterly Earnings, Meets Expectations
CSG Systems International (NASDAQ:CSGS) announced its earnings results on Thursday. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.52, AnalystRatingsNetwork.com reports. The company had revenue of $184.60 million for the quarter, compared to the consensus estimate of $188.67 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. CSG Systems International updated its FY14 guidance to $2.05-2.17 EPS.
Shares of CSG Systems International (NASDAQ:CSGS) traded down 3.04% on Thursday, hitting $25.80. The stock had a trading volume of 56,046 shares. CSG Systems International has a 52 week low of $23.02 and a 52 week high of $32.11. The stock has a 50-day moving average of $26.29 and a 200-day moving average of $26.94. The company has a market cap of $831.7 million and a price-to-earnings ratio of 19.30.
In other CSG Systems International news, EVP Michael J. Henderson sold 2,401 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $26.64, for a total value of $63,962.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CSG Systems International, Inc (NASDAQ:CSGS) is a business support solutions provider primarily serving the communications industry.
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