CSG Systems International (CSGS) Releases Earnings Results, Beats Expectations By $0.09 EPS

CSG Systems International (CSGS) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.68. The company posted revenue of $186.20 million in the period, compared to analysts expectations of $187.50 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on CSG Systems International. Company shares were Reiterated by Stifel on Mar 17, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $43 .

CSG Systems International opened for trading at $44.5 and hit $45.34 on the upside on Monday, eventually ending the session at $45.08, with a gain of 1.58% or 0.7 points. The heightened volatility saw the trading volume jump to 2,35,223 shares. Company has a market cap of $1,458 M.

In a different news, on Apr 5, 2016, Rolland B Johns (Chief Accounting Officer) sold 2,305 shares at $45.75 per share price. According to the SEC, on Mar 16, 2016, Donald V Smith (director) sold 10,000 shares at $39.20 per share price. On Dec 8, 2015, Peter E Kalan (CEO) sold 4,214 shares at $35.57 per share price, according to the Form-4 filing with the securities and exchange commission.

CSG Systems International Inc. (CSG) is a provider of business support solutions primarily to the communications industry. The Company’s solutions coordinate and manage many aspects of a service provider’s customer interactions from the initial activation of customer accounts to the support of various service activities and through the presentment collection and accounts receivables management of monthly customer statements. The Company’s primary product solutions include cable and satellite care and billing convergent rating and billing mediation and data management wholesale settlement and routing customer interaction management business intelligence and content management and monetization.

CSG Systems International

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