CSG Systems International(CSGS)

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CSG Forte Honored as Top Platform for Payment Gateway Stability in TSG 2024 Real Transaction Metrics Awards
Businesswire· 2024-02-21 14:30
DENVER--(BUSINESS WIRE)--TSG (The Strawhecker Group) recognized CSG Forte, a leader in complete and customizable digital payments, as the payment gateway provider with the “Lowest Minute Outage” in North America. Based on credit card transaction data and merchants’ perspectives of performance at checkout, CSG Forte earned the top prize for payment gateway stability. TSG’s rigorous, always-on Global Experience Monitoring platform benchmarks gateway performance by conducting 24/7/365 pings to locations across ...
CSG Systems International(CSGS) - 2023 Q4 - Annual Report
2024-02-15 16:00
We generate our revenue primarily from the global communications markets; however, we serve an expanding group of customers in markets including retail, financial services, healthcare, insurance, and government entities. Revenue by customer vertical for 2023, 2022, and 2021, as a percentage of our total revenue, was as follows: The following table rolls forward our unbilled accounts receivable from January 1, 2022 to December 31, 2023 (in thousands): | --- | --- | |------------------------------------------ ...
Wall Street Analysts Predict a 26.27% Upside in CSG Systems (CSGS): Here's What You Should Know
Zacks Investment Research· 2024-02-14 15:56
CSG Systems (CSGS) closed the last trading session at $52.50, gaining 1.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $66.29 indicates a 26.3% upside potential.The mean estimate comprises seven short-term price targets with a standard deviation of $10.98. While the lowest estimate of $50 indicates a 4.8% decline from the current price level, the most optimistic analyst expects ...
Should Value Investors Buy CSG Systems International (CSGS) Stock?
Zacks Investment Research· 2024-02-13 15:40
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current ...
CSG Systems International(CSGS) - 2023 Q4 - Earnings Call Transcript
2024-02-08 02:09
CSG Systems International, Inc. (NASDAQ:CSGS) Q4 2023 Earnings Conference Call February 7, 2024 5:00 PM ET Company Participants John Rea – Treasurer and Head of Investor Relations Brian Shepherd – Chief Executive Officer Hai Tran – Chief Financial Officer Conference Call Participants Maggie Nolan – William Blair Matthew Harrigan – Benchmark Greg Burns – Sidoti & Company George Notter – Jefferies Nehal Chokshi – Northland Capital Markets Brett Knoblauch – Cantor Fitzgerald Michael Berg – Wells Fargo Operator ...
CSG Systems (CSGS) Beats Q4 Earnings Estimates
Zacks Investment Research· 2024-02-08 00:20
CSG Systems (CSGS) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.75%. A quarter ago, it was expected that this provider of support services for the communications industry would post earnings of $0.82 per share when it actually produced earnings of $0.92, delivering a surprise of ...
CSG Systems International(CSGS) - 2023 Q4 - Earnings Call Presentation
2024-02-07 23:19
Financial Performance & Growth - CSG achieved a record-setting year in 2023, with revenue growing by 7.3% year-over-year, the best full-year result in nearly 20 years[6, 7] - The company is targeting revenue to exceed $1.5 billion by FY2025, representing over 50% business growth from 2020 revenue of $1 billion[9, 10] - CSG's full-year 2023 revenue reached $1.169 billion, a 7% increase compared to $1.090 billion in FY22[40, 49] - The company's non-GAAP adjusted operating margin increased from 16.6% in FY22 to 17.2% in FY23[50] - Non-GAAP adjusted EBITDA increased to $243 million in FY23 from $226 million in FY22[51] - Non-GAAP EPS increased by 2% from $3.61 in FY22 to $3.69 in FY23[31] - Free cash flow increased significantly year-over-year, reaching $372 million in FY23 compared to $265 million in FY22[54] Strategic Priorities & Diversification - CSG is focused on strategic revenue acceleration and sustained long-term revenue growth[9] - The company is diversifying its revenue streams, with 28% coming from industry verticals outside of CSPs[7, 15] - CSG aims to consistently grow organic revenue by 2% to 6% year-over-year[23] Shareholder Returns & Capital Allocation - CSG increased its dividend by 7% to $1.20 per year, marking the 11th consecutive annual increase[7] - The company repurchased $117 million of shares during 2023[22] - CSG successfully completed a $425 million convertible debt offering in Q3, lowering the interest rate to 3.875%[32] 2024 Guidance - CSG has established 2024 financial guidance targets with mid-single-digit revenue growth and strong profitability[7] - The company anticipates revenue between $1.20 billion and $1.24 billion for 2024[59] - CSG projects an adjusted operating margin of 17.0% to 17.4%, EPS of $3.85 to $4.15, adjusted EBITDA of $245 million to $255 million, and free cash flow of $95 million to $135 million for 2024[59]
CSG Systems International Announces its 11th Consecutive Year of Increased Dividend Payout
Businesswire· 2024-02-07 21:02
DENVER--(BUSINESS WIRE)--CSG® (NASDAQ: CSGS) today announced that its Board of Directors approved a 7% increase in the Company’s quarterly cash dividend payment. The new quarterly payment amount has been increased to $0.30 per share of common stock to be paid on March 28, 2024 for shareholders of record as of the close of business on March 15, 2024. About CSG CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services ...
Lendica and CSG Forte Partnership Ushers in New Era of Embedded Business Lending
Prnewswire· 2024-01-30 12:08
BOSTON, Jan. 30, 2024 /PRNewswire/ -- Lendica, an embedded AI lending company, and CSG Forte, a CSG® (NASDAQ: CSGS) company and a leader in complete and customizable digital payments, announce a strategic partnership to deliver an embedded business credit solution to small and medium sized US companies. Lendica and CSG Forte's offering, called the iBranch, is an embedded financing service that enables SMBs to borrow money from their software vendors instead of traditional financial institutions. Embedded le ...
CSG Earns Recognition from Leading Analyst Firms
Businesswire· 2024-01-23 13:30
DENVER--(BUSINESS WIRE)--Communication service providers (CSPs) are racing to modernize their operations and deliver dynamic and personalized experiences for their customers. To leverage automation, intelligence and orchestration, they’re working to improve the customer experience across all touchpoints. In 2023, CSG® (NASDAQ: CSGS)’s award-winning solutions and integrated omnichannel approach helped global brands transform their customer experience, earning CSG recognition from leading analyst firms Gartne ...