CSG Systems International (CSGS) Issues FY18 Earnings Guidance

CSG Systems International (NASDAQ:CSGS) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $2.81-2.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.87. The company issued revenue guidance of $853-863 million, compared to the consensus revenue estimate of $854.27 million.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of CSG Systems International from a sell rating to a hold rating in a research note on Friday, November 2nd. ValuEngine downgraded shares of CSG Systems International from a hold rating to a sell rating in a research report on Saturday, October 27th. Zacks Investment Research upgraded shares of CSG Systems International from a sell rating to a hold rating in a research report on Tuesday, September 18th. Finally, Sidoti began coverage on shares of CSG Systems International in a research report on Wednesday, August 15th. They set a buy rating and a $50.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $50.67.

NASDAQ:CSGS remained flat at $$36.27 during mid-day trading on Friday. 3,800 shares of the company traded hands, compared to its average volume of 148,169. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.01. CSG Systems International has a twelve month low of $33.33 and a twelve month high of $48.82. The firm has a market cap of $1.19 billion, a P/E ratio of 17.96 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.56 by $0.14. CSG Systems International had a net margin of 7.16% and a return on equity of 21.86%. The business had revenue of $213.00 million for the quarter, compared to the consensus estimate of $216.87 million. During the same period last year, the company earned $0.64 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts predict that CSG Systems International will post 2.36 earnings per share for the current fiscal year.

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CSG Systems International Company Profile

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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