CSG Systems International, Inc. (NASDAQ:CSGS) announced its quarterly earnings data on Tuesday. The technology company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01, Bloomberg Earnings reports. CSG Systems International had a net margin of 8.10% and a return on equity of 24.76%. The firm had revenue of $199.20 million during the quarter, compared to analysts’ expectations of $194.67 million. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year.
In related news, Director Frank V. Sica sold 3,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $37.70, for a total value of $113,100.00. Following the completion of the transaction, the director now owns 21,550 shares in the company, valued at approximately $812,435. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rolland B. Johns sold 1,099 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.07, for a total transaction of $42,937.93. Following the completion of the transaction, the insider now owns 16,574 shares of the company’s stock, valued at approximately $647,546.18. The disclosure for this sale can be found here. Corporate insiders own 2.57% of the company’s stock.
CSGS has been the subject of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price objective on shares of CSG Systems International in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of CSG Systems International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.
About CSG Systems International
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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