Cantor Fitzgerald Issues Negative Outlook for CSGS Earnings

CSG Systems International, Inc. (NASDAQ:CSGS) – Cantor Fitzgerald decreased their FY2024 earnings per share estimates for CSG Systems International in a report released on Tuesday, January 14th. Cantor Fitzgerald analyst B. Knoblauch now anticipates that the technology company will post earnings per share of $3.34 for the year, down from their prior estimate of $3.54. The consensus estimate for CSG Systems International’s current full-year earnings is $3.48 per share.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting 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 business had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $283.13 million. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on CSGS. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada raised their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $62.00.

CSG Systems International Trading Up 0.9 %

Shares of CSGS opened at $51.55 on Thursday. The stock has a 50-day moving average price of $53.19 and a 200 day moving average price of $48.71. CSG Systems International has a one year low of $39.56 and a one year high of $57.15. The company has a market capitalization of $1.50 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.55 and a beta of 0.86. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.33%. CSG Systems International’s payout ratio is 52.86%.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors have recently added to or reduced their stakes in CSGS. Central Pacific Bank Trust Division lifted its stake in CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after purchasing an additional 610 shares during the last quarter. SG Americas Securities LLC purchased a new position in CSG Systems International in the third quarter valued at about $840,000. Cornercap Investment Counsel Inc. raised its holdings in shares of CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares in the last quarter. Quantbot Technologies LP bought a new stake in CSG Systems International during the third quarter worth approximately $294,000. Finally, Martingale Asset Management L P acquired a new position in CSG Systems International in the 3rd quarter valued at $866,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Company Profile

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.