CSG Systems International (CSGS) Earning Somewhat Positive News Coverage, Analysis Shows

News stories about CSG Systems International (NASDAQ:CSGS) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CSG Systems International earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.7624252228035 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Zacks Investment Research lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th.

Shares of CSG Systems International traded up $0.35, hitting $41.74, during trading hours on Tuesday, MarketBeat reports. 69,308 shares of the company were exchanged, compared to its average volume of 219,268. The firm has a market cap of $1.38 billion, a P/E ratio of 20.66 and a beta of 0.93. CSG Systems International has a 1 year low of $37.21 and a 1 year high of $48.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.79 and a quick ratio of 2.79.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $198.00 million. CSG Systems International had a net margin of 6.90% and a return on equity of 21.46%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. analysts expect that CSG Systems International will post 2.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 21st. Stockholders of record on Tuesday, June 5th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 4th. This represents a $0.84 annualized dividend and a dividend yield of 2.01%. CSG Systems International’s payout ratio is currently 41.58%.

In other news, CFO Randy Wiese sold 17,152 shares of the stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $43.41, for a total transaction of $744,568.32. Following the transaction, the chief financial officer now directly owns 44,133 shares in the company, valued at approximately $1,915,813.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.16% of the company’s stock.

CSG Systems International Company Profile

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.

Insider Buying and Selling by Quarter for CSG Systems International (NASDAQ:CSGS)

Receive News & Ratings for CSG Systems International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply