CSG Systems International (CSGS) Announces Quarterly Earnings Results

CSG Systems International (NASDAQ:CSGS) announced its earnings results on Wednesday. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.03), Briefing.com reports. The firm had revenue of $205.20 million during the quarter, compared to analysts’ expectations of $199.21 million. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. CSG Systems International updated its FY18 guidance to $2.76-2.89 EPS.

CSG Systems International (NASDAQ:CSGS) opened at $48.10 on Thursday. CSG Systems International has a 12-month low of $35.48 and a 12-month high of $48.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.56 and a quick ratio of 2.56. The stock has a market capitalization of $1,474.03, a PE ratio of 24.57 and a beta of 1.00.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.75%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.20. CSG Systems International’s dividend payout ratio (DPR) is presently 44.13%.

Several research analysts have issued reports on the company. BidaskClub raised CSG Systems International from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 target price on shares of CSG Systems International in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd.

In other news, CFO Randy Wiese sold 19,225 shares of CSG Systems International stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $44.41, for a total transaction of $853,782.25. Following the transaction, the chief financial officer now directly owns 103,506 shares of the company’s stock, valued at approximately $4,596,701.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rolland B. Johns sold 2,494 shares of CSG Systems International stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $44.19, for a total value of $110,209.86. Following the transaction, the insider now directly owns 14,556 shares in the company, valued at $643,229.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,500 shares of company stock worth $1,667,195. Insiders own 2.57% of the company’s stock.

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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.

Earnings History for CSG Systems International (NASDAQ:CSGS)

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