Brokerages Anticipate CSG Systems International, Inc. (CSGS) to Announce $0.77 EPS

Brokerages expect that CSG Systems International, Inc. (NASDAQ:CSGS) will announce earnings per share (EPS) of $0.77 for the current quarter, according to Zacks. Two analysts have made estimates for CSG Systems International’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.76. CSG Systems International reported earnings of $0.69 per share in the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that CSG Systems International will report full-year earnings of $3.26 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.27. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.49 per share, with EPS estimates ranging from $3.45 to $3.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow CSG Systems International.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 6th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.16. The company had revenue of $231.70 million during the quarter, compared to the consensus estimate of $228.30 million. CSG Systems International had a return on equity of 24.06% and a net margin of 7.56%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share.

CSGS has been the subject of a number of recent research reports. Zacks Investment Research upgraded CSG Systems International from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, February 7th. BidaskClub downgraded CSG Systems International from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. ValuEngine upgraded CSG Systems International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. B. Riley assumed coverage on CSG Systems International in a report on Thursday, February 14th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, TheStreet upgraded CSG Systems International from a “c+” rating to a “b” rating in a report on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.00.

Shares of CSGS stock traded up $0.26 on Wednesday, reaching $42.30. 191,331 shares of the stock were exchanged, compared to its average volume of 168,093. The company has a market cap of $1.39 billion, a P/E ratio of 16.21 and a beta of 1.10. CSG Systems International has a one year low of $30.40 and a one year high of $46.86. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.98.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were issued a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.21. CSG Systems International’s dividend payout ratio is currently 34.10%.

In related news, CEO Bret C. Griess sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $40.88, for a total value of $1,022,000.00. Following the completion of the sale, the chief executive officer now owns 255,801 shares in the company, valued at $10,457,144.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the executive vice president now directly owns 54,239 shares of the company’s stock, valued at $2,266,647.81. The disclosure for this sale can be found here. Corporate insiders own 2.16% of the company’s stock.

Large investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC grew its stake in CSG Systems International by 54.9% in the third quarter. MetLife Investment Advisors LLC now owns 23,631 shares of the technology company’s stock valued at $949,000 after acquiring an additional 8,373 shares during the period. Putnam Investments LLC acquired a new position in shares of CSG Systems International during the third quarter worth about $4,572,000. Bank of New York Mellon Corp boosted its position in shares of CSG Systems International by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 994,620 shares of the technology company’s stock worth $31,599,000 after buying an additional 43,935 shares during the period. Cavalier Investments LLC acquired a new position in shares of CSG Systems International during the fourth quarter worth about $85,000. Finally, Schroder Investment Management Group boosted its position in shares of CSG Systems International by 4.7% during the third quarter. Schroder Investment Management Group now owns 490,302 shares of the technology company’s stock worth $19,681,000 after buying an additional 21,876 shares during the period. 99.04% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

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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