$ 237.39 million in expected sales for CSG Systems International, Inc. (NASDAQ: CSGS) this quarter
Stock analysts predict that CSG Systems International, Inc. (NASDAQ: CSGS) will post revenue of $ 237.39 million for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for CSG Systems International, with estimates ranging from $ 232.90 million to $ 241.88 million. CSG Systems International reported sales of $ 243.25 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.4%. The company is expected to release its next quarterly earnings report on Wednesday, February 2.
Zacks says analysts expect CSG Systems International to report annual revenue of $ 959.50 million for the current year, with estimates ranging from $ 955.00 to $ 964.00 million . For the next fiscal year, analysts predict the company will post sales of $ 1.01 billion, with estimates ranging from $ 1.01 billion to $ 1.02 billion. Zacks’ sales calculations are an average based on a survey of research analysts who provide coverage for CSG Systems International.
CSG Systems International (NASDAQ: CSGS) last released its quarterly earnings data on Wednesday, November 3. The tech company reported EPS of $ 0.88 for the quarter, beating analyst consensus estimates of $ 0.74 by $ 0.14. CSG Systems International generated a net margin of 6.62% and a return on equity of 21.66%. The company posted revenue of $ 246.97 million for the quarter, compared to analysts’ expectations of $ 240.00 million. In the same quarter of last year, the company achieved EPS of $ 0.62.
The CSGS has been the subject of several research reports. Zacks Investment Research upgraded CSG Systems International from a “hold” rating to a “buy” rating and set a target price of $ 65.00 for the company in a research report released Wednesday. William Blair launched coverage on CSG Systems International in a report on Tuesday, December 21. They issued an “outperformance” rating on the stock. Finally, Sidoti raised CSG Systems International from a “neutral” rating to a “buy” rating in a research note dated Thursday, November 4.
Large investors have recently bought and sold shares in the company. Rhumbline Advisers increased its stake in CSG Systems International by 4.6% during the 2nd quarter. Rhumbline Advisers now owns 119,853 shares of the tech company valued at $ 5,655,000 after purchasing an additional 5,227 shares in the last quarter. US Asset Management LLC acquired a new stake in CSG Systems International in the 3rd quarter for a value of approximately $ 54,000. Metropolitan Life Insurance Co NY increased its stake in CSG Systems International by 108,200.0% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 9,747 shares of the tech company valued at $ 460,000 after purchasing an additional 9,738 shares in the last quarter. Tudor Investment Corp Et Al increased its position in CSG Systems International by 94.9% during the second quarter. Tudor Investment Corp Et Al now owns 77,356 shares of the tech company worth $ 3,650,000 after acquiring an additional 37,672 shares in the last quarter. Finally, Tortoise Index Solutions LLC acquired a new stake in CSG Systems International during the second quarter for a value of approximately $ 55,000. 93.53% of the shares are currently held by hedge funds and other institutional investors.
The NASDAQ CSGS opened at $ 57.67 on Friday. CSG Systems International has a 52-week low of $ 42.58 and a 52-week high of $ 59.48. The company has a quick ratio of 1.09, a current ratio of 1.09, and a debt ratio of 0.31. The company’s fifty-day simple moving average is $ 53.91 and its 200-day simple moving average is $ 49.57. The company has a market cap of $ 1.88 billion, a PE ratio of 27.20 and a beta of 0.81.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17. Shareholders of record on Friday, December 3 received a dividend of $ 0.25. The ex-dividend date was Thursday, December 2. This represents an annualized dividend of $ 1.00 and a dividend yield of 1.73%. CSG Systems International’s dividend payout ratio is currently 47.17%.
CSG Systems International Company Profile
CSG Systems International, Inc. is committed to providing business support solutions serving the communications industry. He engages in revenue management and digital monetization, customer experience, and payment solution providers. The company’s solutions and services help businesses around the world monetize and digitally activate the customer experience by accurately capturing, managing, generating and optimizing the interactions and revenue associated with their customers.
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