CSG Systems International, Inc. (NASDAQ:CSGS) Announces Quarterly Dividend of $0.32
CSG Systems International, Inc. (NASDAQ:CSGS) announced a quarterly dividend of $0.32 per share, payable on January 6th to stockholders of record on December 22nd. The dividend yield is 1.6%, with an ex-dividend date of December 22nd. The company has consistently increased its dividend for 12 years and maintains a payout ratio of 25.1%. Analysts expect earnings of $4.18 per share next year, supporting future dividends. The stock has a consensus rating of 'Hold' with a target price of $73.81.
CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) announced a quarterly dividend on Saturday, November 22nd. Investors of record on Monday, December 22nd will be given a dividend of 0.32 per share by the technology company on Tuesday, January 6th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 22nd.
CSG Systems International has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. CSG Systems International has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect CSG Systems International to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.6%.
CSG Systems International Stock Performance
CSGS stock traded up $0.22 during midday trading on Friday, hitting $77.84. The company's stock had a trading volume of 443,383 shares, compared to its average volume of 310,737. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 2.05 and a beta of 0.92. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.85. CSG Systems International has a 1 year low of $49.23 and a 1 year high of $79.20. The stock's 50-day moving average price is $69.99 and its 200 day moving average price is $65.92.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.14. The business had revenue of $303.62 million during the quarter, compared to analyst estimates of $278.76 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%. On average, equities analysts forecast that CSG Systems International will post 3.83 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Northland Capmk cut shares of CSG Systems International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 29th. Oppenheimer downgraded CSG Systems International to a "market perform" rating in a report on Wednesday, October 29th. William Blair cut shares of CSG Systems International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered shares of CSG Systems International from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from $72.00 to $80.70 in a report on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $73.81.
Check Out Our Latest Research Report on CSG Systems International
CSG Systems International Company Profile
(Get Free Report)CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.
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