Analysts Anticipate CSG Systems International, Inc. (CSGS) to Announce $0.83 EPS

Brokerages expect CSG Systems International, Inc. (NASDAQ:CSGS) to post earnings per share of $0.83 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for CSG Systems International’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.81. CSG Systems International reported earnings of $0.73 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.7%. The firm is expected to announce its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that CSG Systems International will report full-year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.25 to $3.29. For the next fiscal year, analysts anticipate that the company will report earnings of $3.51 per share, with EPS estimates ranging from $3.45 to $3.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover CSG Systems International.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). The business had revenue of $227.66 million during the quarter, compared to the consensus estimate of $225.95 million. CSG Systems International had a net margin of 7.77% and a return on equity of 24.90%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS.

CSGS has been the topic of a number of analyst reports. TheStreet raised shares of CSG Systems International from a “c+” rating to a “b” rating in a research note on Wednesday, February 13th. Zacks Investment Research raised shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, February 7th. BidaskClub raised shares of CSG Systems International from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. B. Riley initiated coverage on shares of CSG Systems International in a research note on Thursday, February 14th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. CSG Systems International has an average rating of “Buy” and a consensus price target of $51.00.

NASDAQ CSGS opened at $46.33 on Friday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 17.75 and a beta of 1.10. CSG Systems International has a twelve month low of $30.40 and a twelve month high of $49.75. The company has a current ratio of 1.72, a quick ratio of 1.71 and a debt-to-equity ratio of 1.14.

In other CSG Systems International news, EVP Kenneth M. Kennedy sold 4,247 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $41.79, for a total value of $177,482.13. Following the transaction, the executive vice president now directly owns 54,239 shares in the company, valued at $2,266,647.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bret C. Griess sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $40.88, for a total transaction of $1,022,000.00. Following the completion of the transaction, the chief executive officer now owns 255,801 shares in the company, valued at $10,457,144.88. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CSGS. Norges Bank acquired a new position in CSG Systems International in the fourth quarter valued at about $23,381,000. 361 Capital LLC boosted its position in CSG Systems International by 637.2% in the fourth quarter. 361 Capital LLC now owns 73,705 shares of the technology company’s stock valued at $2,342,000 after buying an additional 63,707 shares in the last quarter. BTIM Corp. boosted its position in CSG Systems International by 11.0% in the fourth quarter. BTIM Corp. now owns 496,607 shares of the technology company’s stock valued at $15,778,000 after buying an additional 49,386 shares in the last quarter. Bank of New York Mellon Corp boosted its position in CSG Systems International by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 994,620 shares of the technology company’s stock valued at $31,599,000 after buying an additional 43,935 shares in the last quarter. Finally, Seizert Capital Partners LLC acquired a new position in CSG Systems International in the first quarter valued at about $1,663,000. Hedge funds and other institutional investors own 99.04% of the company’s stock.

About CSG Systems International

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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