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

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) announced a quarterly dividend on Saturday, May 31st, Wall Street Journal reports. Investors of record on Wednesday, June 18th will be paid a dividend of 0.32 per share by the technology company on Wednesday, July 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, June 18th.

CSG Systems International has increased its dividend by an average of 6.3% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. CSG Systems International has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.5%

NASDAQ CSGS traded up $0.34 during trading hours on Friday, reaching $65.92. 213,566 shares of the company's stock were exchanged, compared to its average volume of 254,734. The company's 50-day moving average is $61.40 and its two-hundred day moving average is $58.57. CSG Systems International has a one year low of $39.56 and a one year high of $67.60. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The company had revenue of $271.55 million for the quarter, compared to analysts' expectations of $274.10 million. During the same quarter in the prior year, the business posted $1.01 EPS. The business's revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that CSG Systems International will post 3.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CSGS. Jefferies Financial Group initiated coverage on CSG Systems International in a research report on Friday, February 21st. They issued a "buy" rating and a $75.00 target price on the stock. Stifel Nicolaus boosted their price target on CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Northland Securities reaffirmed an "outperform" rating and set a $80.00 target price (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price target on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald upped their price target on CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CSG Systems International has an average rating of "Buy" and an average target price of $70.71.

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.