CSG Systems International (NASDAQ:CSGS) Issues FY 2024 Earnings Guidance

CSG Systems International (NASDAQ:CSGS - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.850-4.150 for the period, compared to the consensus estimate of 4.000. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. CSG Systems International also updated its FY24 guidance to $3.85-$4.15 EPS.

CSG Systems International Stock Performance

Shares of CSG Systems International stock traded down $1.42 during mid-day trading on Wednesday, hitting $45.82. 360,140 shares of the stock were exchanged, compared to its average volume of 276,186. CSG Systems International has a 12 month low of $45.27 and a 12 month high of $69.35. The company has a 50-day simple moving average of $50.74 and a 200 day simple moving average of $51.16. The company has a market capitalization of $1.35 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.49 and a beta of 0.82. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.54 and a current ratio of 1.54.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to analysts' expectations of $273.92 million. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. Sell-side analysts anticipate that CSG Systems International will post 3.26 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from CSG Systems International's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. CSG Systems International's payout ratio is presently 54.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSGS shares. Wells Fargo & Company reduced their price objective on shares of CSG Systems International from $53.00 to $50.00 and set an equal weight rating for the company in a research note on Thursday, February 8th. Cantor Fitzgerald reiterated an overweight rating and set a $63.00 price objective on shares of CSG Systems International in a research note on Thursday, February 8th. Finally, Royal Bank of Canada started coverage on CSG Systems International in a report on Wednesday, March 27th. They set an outperform rating and a $61.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $63.00.

About CSG Systems International

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.

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