CSG Systems International (CSGS) Releases FY18 Earnings Guidance

CSG Systems International (NASDAQ:CSGS) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.76-2.89 for the period, compared to the Thomson Reuters consensus estimate of $2.71. The company issued revenue guidance of $795-815 million, compared to the consensus revenue estimate of $807.80 million.

Several equities analysts have issued reports on the company. BidaskClub raised CSG Systems International from a sell rating to a hold rating in a report on Friday, December 22nd. Zacks Investment Research lowered CSG Systems International from a strong-buy rating to a hold rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $47.00 price objective on shares of CSG Systems International in a report on Friday, November 3rd.

Shares of CSG Systems International (CSGS) traded up $1.70 during mid-day trading on Thursday, hitting $45.68. The company’s stock had a trading volume of 229,170 shares, compared to its average volume of 155,025. The stock has a market capitalization of $1,474.03, a price-to-earnings ratio of 25.72 and a beta of 1.00. CSG Systems International has a 12 month low of $35.48 and a 12 month high of $48.31. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.56 and a current ratio of 2.56.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.03). The firm had revenue of $205.20 million for the quarter, compared to analysts’ expectations of $199.21 million. CSG Systems International had a return on equity of 22.11% and a net margin of 7.57%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. research analysts forecast that CSG Systems International will post 2.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.20. CSG Systems International’s dividend payout ratio (DPR) is currently 44.13%.

In related news, Director Donald V. Smith sold 8,878 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $44.23, for a total transaction of $392,673.94. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $884,600. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald Cooper sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $44.72, for a total value of $223,600.00. Following the transaction, the director now directly owns 29,768 shares in the company, valued at approximately $1,331,224.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,500 shares of company stock worth $1,667,195. Corporate insiders own 2.57% of the company’s stock.

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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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