CSG Systems International (NASDAQ:CSGS) Posts Earnings Results, Beats Estimates By $0.04 EPS

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CSG Systems International (NASDAQ:CSGS) released its quarterly earnings data on Wednesday. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04, Briefing.com reports. CSG Systems International had a return on equity of 24.90% and a net margin of 7.77%. The business had revenue of $245.90 million for the quarter, compared to the consensus estimate of $227.60 million. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. CSG Systems International updated its FY 2019 guidance to $3.15-3.31 EPS and its FY19 guidance to $3.15-3.31 EPS.

CSG Systems International stock traded up $2.51 during mid-day trading on Thursday, reaching $50.97. 457,688 shares of the company were exchanged, compared to its average volume of 178,092. CSG Systems International has a twelve month low of $30.40 and a twelve month high of $57.20. The stock has a 50-day moving average price of $49.33. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 19.53 and a beta of 1.06.

In other CSG Systems International news, Director Donald Reed sold 6,800 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total transaction of $313,412.00. Following the completion of the sale, the director now directly owns 34,868 shares of the company’s stock, valued at approximately $1,607,066.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by company insiders.

A number of research firms have recently commented on CSGS. ValuEngine downgraded CSG Systems International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub upgraded CSG Systems International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $51.00.

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 offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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Earnings History for CSG Systems International (NASDAQ:CSGS)

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