CSG Systems International, Inc. Announces Quarterly Dividend of $0.32 (NASDAQ:CSGS)

Key Points

• CSG Systems International, Inc. declared a quarterly dividend of $0.32 per share, payable on October 3rd to stockholders of record on September 19th, representing a 2.1% yield.
• The company reported earnings per share (EPS) of $1.16, exceeding analysts' expectations by $0.12, along with a revenue of $271.26 million for the most recent quarter.
• Analysts have a consensus rating of "Buy" for CSG Systems International, with an average price target of $71.29, reflecting positive investor sentiment.

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) announced a quarterly dividend on Monday, August 18th, Wall Street Journal reports. Stockholders of record on Friday, September 19th will be given a dividend of 0.32 per share by the technology company on Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 19th.

CSG Systems International has a payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CSG Systems International to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.6%.

CSG Systems International Price Performance

Shares of CSGS traded up $0.11 during midday trading on Monday, reaching $62.35. The stock had a trading volume of 152,989 shares, compared to its average volume of 291,409. CSG Systems International has a 52 week low of $44.57 and a 52 week high of $67.60. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The firm's 50 day moving average price is $63.38 and its 200-day moving average price is $62.51. The company has a market capitalization of $1.79 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.61 and a beta of 0.90.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.12. The business had revenue of $271.26 million for the quarter, compared to analysts' expectations of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 EPS. On average, analysts forecast that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CSGS shares. Wolfe Research started coverage on CSG Systems International in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Stifel Nicolaus lifted their target price on CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company lowered their price target on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $71.29.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.