CSG Systems International (NASDAQ:CSGS) announced its earnings results on Wednesday. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.14, Briefing.com reports. CSG Systems International had a return on equity of 21.86% and a net margin of 7.16%. The firm had revenue of $213.00 million during the quarter, compared to analyst estimates of $216.87 million. During the same period last year, the firm posted $0.64 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. CSG Systems International updated its FY18 guidance to $2.81-2.93 EPS.
Shares of CSG Systems International stock traded up $0.34 during trading hours on Thursday, hitting $36.27. 239,760 shares of the company’s stock traded hands, compared to its average volume of 197,107. CSG Systems International has a 12-month low of $33.33 and a 12-month high of $48.82. The firm has a market cap of $1.19 billion, a PE ratio of 17.96 and a beta of 0.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.68 and a quick ratio of 2.68.
CSGS has been the subject of several research analyst reports. Sidoti initiated coverage on CSG Systems International in a research report on Wednesday, August 15th. They set a “buy” rating and a $50.00 target price for the company. ValuEngine raised CSG Systems International from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research raised CSG Systems International from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Finally, BidaskClub raised CSG Systems International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price 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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