FY2024 EPS Estimates for CSGS Reduced by Cantor Fitzgerald

CSG Systems International, Inc. (NASDAQ:CSGS) – Stock analysts at Cantor Fitzgerald cut their FY2024 EPS estimates for shares of CSG Systems International in a research note issued to investors on Tuesday, January 14th. Cantor Fitzgerald analyst B. Knoblauch now anticipates that the technology company will earn $3.34 per share for the year, down from their prior estimate of $3.54. The consensus estimate for CSG Systems International’s current full-year earnings is $3.47 per share.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company upped their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Benchmark reiterated a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CSG Systems International has an average rating of “Buy” and an average price target of $62.00.

CSG Systems International Trading Up 1.0 %

NASDAQ:CSGS opened at $52.08 on Thursday. The firm’s fifty day moving average is $53.11 and its 200-day moving average is $48.73. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $57.15. The firm has a market cap of $1.52 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.36 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB raised its holdings in CSG Systems International by 0.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after buying an additional 302 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after buying an additional 586 shares during the last quarter. Geode Capital Management LLC raised its holdings in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after buying an additional 4,903 shares during the last quarter. Dean Investment Associates LLC raised its holdings in CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after buying an additional 64,066 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new position in CSG Systems International during the third quarter worth $866,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.30%. CSG Systems International’s payout ratio is 52.86%.

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.