Q1 2024 Earnings Estimate for CSG Systems International, Inc. (NASDAQ:CSGS) Issued By Northland Capmk

CSG Systems International, Inc. (NASDAQ:CSGS) – Analysts at Northland Capmk lowered their Q1 2024 EPS estimates for CSG Systems International in a note issued to investors on Tuesday, April 23rd. Northland Capmk analyst N. Chokshi now anticipates that the technology company will earn $0.78 per share for the quarter, down from their prior estimate of $0.97. The consensus estimate for CSG Systems International’s current full-year earnings is $3.26 per share. Northland Capmk also issued estimates for CSG Systems International’s Q3 2024 earnings at $0.85 EPS, Q4 2024 earnings at $0.88 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.82 EPS and Q4 2025 earnings at $0.85 EPS.

A number of other research analysts have also recently commented on CSGS. Royal Bank of Canada started coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $63.00 target price on shares of CSG Systems International in a research report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, CSG Systems International presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

CSG Systems International Trading Down 3.3 %

NASDAQ CSGS opened at $48.19 on Wednesday. The firm’s 50-day moving average is $51.17 and its two-hundred day moving average is $51.29. CSG Systems International has a 12 month low of $45.27 and a 12 month high of $69.35. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $1.41 billion, a P/E ratio of 22.00, a PEG ratio of 1.52 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. The firm had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, March 14th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio is currently 54.79%.

Institutional Trading of CSG Systems International

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in shares of CSG Systems International by 112.4% during the third quarter. SG Americas Securities LLC now owns 26,653 shares of the technology company’s stock worth $1,363,000 after purchasing an additional 14,104 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after acquiring an additional 14,682 shares in the last quarter. New York State Teachers Retirement System raised its holdings in CSG Systems International by 3.8% in the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after acquiring an additional 2,524 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock valued at $24,761,000 after acquiring an additional 36,488 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in CSG Systems International by 6.2% in the third quarter. Boston Trust Walden Corp now owns 823,799 shares of the technology company’s stock valued at $42,113,000 after acquiring an additional 48,373 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.