CSG Systems International, Inc. (NASDAQ:CSGS) Issues FY17 Earnings Guidance
CSG Systems International, Inc. (NASDAQ:CSGS) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $2.45-2.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.50. The company issued revenue guidance of $770-785 million ($765-785 million), compared to the consensus revenue estimate of $781.40 million.
A number of research firms recently issued reports on CSGS. Zacks Investment Research downgraded shares of CSG Systems International from a buy rating to a hold rating in a research note on Thursday, June 15th. Stifel Nicolaus reissued a buy rating and issued a $47.00 price target on shares of CSG Systems International in a research note on Monday, July 10th. Finally, BidaskClub downgraded shares of CSG Systems International from a sell rating to a strong sell rating in a research note on Thursday.
CSG Systems International, Inc. (NASDAQ:CSGS) traded down 1.05% during trading on Friday, reaching $39.48. 43,695 shares of the company were exchanged. CSG Systems International, Inc. has a 1-year low of $35.48 and a 1-year high of $51.34. The stock has a market capitalization of $1.33 billion, a P/E ratio of 20.78 and a beta of 1.09. The company’s 50-day moving average price is $41.24 and its 200-day moving average price is $40.31.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $192.70 million during the quarter, compared to analysts’ expectations of $194.58 million. CSG Systems International had a net margin of 8.10% and a return on equity of 25.82%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. On average, equities analysts forecast that CSG Systems International, Inc. will post $2.52 EPS for the current year.
In other CSG Systems International news, EVP Kenneth M. Kennedy sold 3,891 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $39.10, for a total value of $152,138.10. Following the completion of the sale, the executive vice president now directly owns 49,609 shares of the company’s stock, valued at approximately $1,939,711.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Donald Reed sold 5,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $41.53, for a total transaction of $207,650.00. Following the completion of the sale, the director now directly owns 40,868 shares of the company’s stock, valued at $1,697,248.04. The disclosure for this sale can be found here. 2.57% of the stock is owned by insiders.
CSG Systems International Company Profile
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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