CSG Systems International (CSGS) Announces Quarterly Earnings Results

CSG Systems International (NASDAQ:CSGS) announced its quarterly earnings data on Wednesday. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03), Briefing.com reports. CSG Systems International had a net margin of 7.77% and a return on equity of 21.95%. The firm had revenue of $205.20 million for the quarter, compared to the consensus estimate of $199.21 million. During the same period last year, the company posted $0.57 earnings per share. CSG Systems International’s revenue for the quarter was up 5.1% on a year-over-year basis. CSG Systems International updated its FY18 guidance to $2.76-2.89 EPS.

CSG Systems International (NASDAQ:CSGS) traded down $0.32 during trading on Friday, hitting $44.54. The stock had a trading volume of 8,476 shares, compared to its average volume of 156,644. CSG Systems International has a 52-week low of $35.48 and a 52-week high of $48.31. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1,474.36, a price-to-earnings ratio of 24.12 and a beta of 1.00.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be issued a $0.21 dividend. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, March 13th. CSG Systems International’s dividend payout ratio (DPR) is presently 42.47%.

A number of research firms have recently commented on CSGS. BidaskClub raised CSG Systems International from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price target on shares of CSG Systems International in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd.

In other news, CFO Randy Wiese sold 19,225 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $44.41, for a total value of $853,782.25. Following the completion of the transaction, the chief financial officer now directly owns 103,506 shares of the company’s stock, valued at $4,596,701.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald V. Smith sold 8,878 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $44.23, for a total value of $392,673.94. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $884,600. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock valued at $1,667,195 over the last ninety days. Corporate insiders own 2.57% of the company’s stock.

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About CSG Systems International

CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.

Earnings History for CSG Systems International (NASDAQ:CSGS)

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