CSG Systems International declares $0.30 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
0mins
Source: SeekingAlpha
Dividend Announcement: CSG Systems International declared a quarterly dividend of $0.30 per share, with a forward yield of 2.59%, payable on September 27 to shareholders of record as of September 13.
Earnings Performance: In Q2 2024, CSG Systems reported a non-GAAP EPS of $1.02, exceeding expectations by $0.11, and revenue of $290.3 million, surpassing estimates by $23.32 million.
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Analyst Views on CSGS
Wall Street analysts forecast CSGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSGS is 80.78 USD with a low forecast of 80.70 USD and a high forecast of 81.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
0 Buy
7 Hold
0 Sell
Hold
Current: 79.790
Low
80.70
Averages
80.78
High
81.00
Current: 79.790
Low
80.70
Averages
80.78
High
81.00
About CSGS
CSG Systems International, Inc. is a software-as-a-service (SaaS) platform company. The Company provides revenue management, digital monetization, customer experience, and payments solutions. It offers integrated real-time revenue management platforms leveraging public cloud, private cloud, or on-premises deployments to optimize and monetize transactions at every stage of the customer lifecycle. Its products are used in the areas of 5G/internet of things (IOT) monetization, financial services, technology, telecom, field service management, operations support systems/business support systems (OSS/BSS), journey orchestration, journey analytics, customer experience, and integrated payments. It offers operational services encompassing infrastructure management, including hardware, application, and environmental management, and application configuration management, including configuration development, release, and deployment. It also offers solutions in ACH and credit card processing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Customer Experience Enhancement: CSG's multi-year contract extension with DISH Network ensures the delivery of exceptional customer service through 2030, further enhancing customer satisfaction and brand loyalty.
- Increased Operational Agility: With CSG's leading SaaS platform, DISH can optimize billing and payment services, improving operational efficiency and maintaining a competitive edge in a challenging market.
- Continuation of Historical Partnership: CSG has been a trusted business enabler for DISH since its first satellite launch in 1995, and will continue to support DISH in achieving higher customer service standards in the future.
- Innovative Service Delivery: This contract renewal signifies a crucial step for DISH in meeting customer expectations for innovative and seamless experiences, further solidifying its leadership position in the diverse connectivity sector.
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