$240.80 Million in Sales Expected for CSG Systems International, Inc. (NASDAQ:CSGS) This Quarter

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Brokerages forecast that CSG Systems International, Inc. (NASDAQ:CSGS) will report sales of $240.80 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CSG Systems International’s earnings. The lowest sales estimate is $235.10 million and the highest is $246.50 million. CSG Systems International posted sales of $247.27 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 5th.

On average, analysts expect that CSG Systems International will report full year sales of $957.23 million for the current fiscal year, with estimates ranging from $925.90 million to $988.56 million. For the next fiscal year, analysts forecast that the business will post sales of $972.55 million, with estimates ranging from $940.10 million to $1.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow CSG Systems International.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. CSG Systems International had a net margin of 8.20% and a return on equity of 26.74%. The business had revenue of $235.05 million during the quarter, compared to the consensus estimate of $229.33 million. During the same quarter last year, the firm posted $0.70 EPS. CSG Systems International’s revenue was up 10.3% compared to the same quarter last year.

A number of equities analysts have issued reports on CSGS shares. BidaskClub downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Zacks Investment Research raised shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, November 5th. Sidoti downgraded shares of CSG Systems International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. ValuEngine raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, B. Riley set a $58.00 price objective on shares of CSG Systems International and gave the stock a “buy” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.00.

CSGS opened at $56.02 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.70 and a quick ratio of 1.71. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 21.46 and a beta of 1.02. The firm’s fifty day moving average price is $52.35 and its two-hundred day moving average price is $49.81. CSG Systems International has a 1 year low of $30.40 and a 1 year high of $58.25.

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Trust Walden Corp boosted its holdings in CSG Systems International by 0.6% during the 3rd quarter. Boston Trust Walden Corp now owns 529,404 shares of the technology company’s stock worth $27,359,000 after acquiring an additional 3,374 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in shares of CSG Systems International by 11.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 189,675 shares of the technology company’s stock worth $9,261,000 after purchasing an additional 19,213 shares during the period. Pinebridge Investments L.P. raised its stake in shares of CSG Systems International by 4.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 30,974 shares of the technology company’s stock worth $1,512,000 after purchasing an additional 1,419 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of CSG Systems International by 12.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 19,890 shares of the technology company’s stock worth $1,028,000 after purchasing an additional 2,170 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of CSG Systems International by 5.8% during the 3rd quarter. New York State Teachers Retirement System now owns 83,559 shares of the technology company’s stock worth $4,318,000 after purchasing an additional 4,600 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

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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