CSG Systems International, Inc. (CSGS) Set to Announce Earnings on Tuesday
CSG Systems International, Inc. (NASDAQ:CSGS) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect CSG Systems International to post earnings of $0.63 per share for the quarter. CSG Systems International has set its FY17 guidance at $2.45-2.59 EPS.
CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. CSG Systems International had a net margin of 8.10% and a return on equity of 24.76%. The business had revenue of $192.70 million during the quarter, compared to analysts’ expectations of $194.58 million. During the same period in the prior year, the business earned $0.70 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts expect CSG Systems International to post $2.05 EPS for the current fiscal year and $2.18 EPS for the next fiscal year.
Shares of CSG Systems International, Inc. (CSGS) opened at 41.00 on Tuesday. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 21.58 and a beta of 1.05. The company has a 50 day moving average of $39.57 and a 200-day moving average of $39.61. CSG Systems International, Inc. has a one year low of $35.48 and a one year high of $51.34.
Several research analysts recently weighed in on CSGS shares. Zacks Investment Research downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 target price on shares of CSG Systems International in a research note on Monday, July 10th. Finally, BidaskClub downgraded shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.
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In related news, Director Frank V. Sica sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total value of $113,100.00. Following the completion of the transaction, the director now owns 21,550 shares of the company’s stock, valued at approximately $812,435. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rolland B. Johns sold 1,099 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.07, for a total transaction of $42,937.93. Following the completion of the transaction, the insider now directly owns 16,574 shares of the company’s stock, valued at approximately $647,546.18. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.
About CSG Systems International
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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