CSG Systems International (CSGS) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

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.

Institutional investors have recently made changes to their positions in the company. First Hawaiian Bank purchased a new stake in shares of CSG Systems International during the 3rd quarter valued at $187,000. Raymond James Trust N.A. purchased a new stake in CSG Systems International in the 3rd quarter worth about $215,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CSG Systems International in the 2nd quarter worth about $272,000. Xact Kapitalforvaltning AB increased its holdings in CSG Systems International by 29.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock worth $278,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in 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 worth $291,000 after acquiring an additional 1,411 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

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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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