CSG Systems International (CSGS) Announces Earnings Results, Beats Estimates By $0.14 EPS

CSG Systems International (NASDAQ:CSGS) released its earnings results on Wednesday. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.14, Briefing.com reports. The firm had revenue of $213.00 million for the quarter, compared to analyst estimates of $216.87 million. CSG Systems International had a return on equity of 21.86% and a net margin of 7.16%. CSG Systems International’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. CSG Systems International updated its FY18 guidance to $2.81-2.93 EPS.

Shares of NASDAQ:CSGS traded up $0.34 during midday trading on Thursday, reaching $36.27. The company had a trading volume of 239,760 shares, compared to its average volume of 197,107. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.01. CSG Systems International has a 1-year low of $33.33 and a 1-year high of $48.82. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 17.96 and a beta of 0.87.

Several large investors have recently added to or reduced their stakes in CSGS. First Hawaiian Bank acquired a new position in shares of CSG Systems International in the 3rd quarter valued at $187,000. Raymond James Trust N.A. acquired a new position in shares of CSG Systems International in the 3rd quarter valued at $215,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CSG Systems International in the 2nd quarter valued at $272,000. Xact Kapitalforvaltning AB boosted its position in shares of CSG Systems International by 29.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock valued at $278,000 after purchasing an additional 1,400 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of CSG Systems International by 24.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 7,125 shares of the technology company’s stock valued at $291,000 after purchasing an additional 1,411 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

A number of research firms recently issued reports on CSGS. BidaskClub raised CSG Systems International from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. ValuEngine lowered CSG Systems International from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Zacks Investment Research raised CSG Systems International from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Sidoti started coverage on CSG Systems International in a research report on Wednesday, August 15th. They issued a “buy” rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. CSG Systems International has a consensus rating of “Hold” and an average price target of $50.67.

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About CSG Systems International

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.

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Earnings History for CSG Systems International (NASDAQ:CSGS)

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