Wall Street analysts expect that Citrix Systems, Inc. (NASDAQ:CTXS) will report $1.66 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Citrix Systems’ earnings. The highest EPS estimate is $1.71 and the lowest is $1.60. Citrix Systems reported earnings of $1.67 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 0.6%. The business is scheduled to report its next quarterly earnings results on Wednesday, January 22nd.
On average, analysts expect that Citrix Systems will report full-year earnings of $5.66 per share for the current year, with EPS estimates ranging from $5.63 to $5.71. For the next fiscal year, analysts anticipate that the company will post earnings of $5.39 per share, with EPS estimates ranging from $5.34 to $5.54. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Citrix Systems.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.27. The company had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $715.05 million. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. Citrix Systems’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 EPS.
Several research firms recently weighed in on CTXS. Wedbush reiterated a “hold” rating and issued a $92.00 target price on shares of Citrix Systems in a report on Friday, October 25th. Jefferies Financial Group upgraded Citrix Systems from an “underperform” rating to a “hold” rating and raised their price target for the stock from $80.00 to $105.00 in a research report on Tuesday, October 29th. Barclays set a $107.00 price objective on Citrix Systems and gave the company a “hold” rating in a research note on Friday, November 1st. BidaskClub lowered Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, ValuEngine upgraded Citrix Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $105.33.
CTXS stock opened at $110.62 on Monday. The firm has a market cap of $14.40 billion, a PE ratio of 24.15, a PEG ratio of 4.38 and a beta of 1.06. Citrix Systems has a one year low of $90.28 and a one year high of $114.73. The firm’s 50 day moving average price is $109.71 and its 200-day moving average price is $99.42. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.35 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.27%. Citrix Systems’s dividend payout ratio is currently 30.57%.
In other news, CEO David J. Henshall sold 4,250 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $112.48, for a total value of $478,040.00. Following the completion of the transaction, the chief executive officer now owns 334,906 shares in the company, valued at approximately $37,670,226.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter John Sacripanti sold 637 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $114.24, for a total transaction of $72,770.88. Following the completion of the transaction, the director now directly owns 13,662 shares in the company, valued at $1,560,746.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,019 shares of company stock worth $5,770,702. Insiders own 0.54% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Citrix Systems by 4.6% during the second quarter. Vanguard Group Inc. now owns 14,505,680 shares of the cloud computing company’s stock worth $1,423,588,000 after purchasing an additional 636,123 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Citrix Systems by 7.9% in the 2nd quarter. BlackRock Inc. now owns 10,356,603 shares of the cloud computing company’s stock valued at $1,016,398,000 after purchasing an additional 754,570 shares during the last quarter. Man Group plc boosted its position in shares of Citrix Systems by 18.7% in the 2nd quarter. Man Group plc now owns 2,583,145 shares of the cloud computing company’s stock valued at $253,509,000 after purchasing an additional 406,449 shares during the period. Northern Trust Corp boosted its position in shares of Citrix Systems by 1.4% in the 2nd quarter. Northern Trust Corp now owns 2,335,180 shares of the cloud computing company’s stock valued at $229,176,000 after purchasing an additional 32,116 shares during the period. Finally, Holocene Advisors LP grew its stake in Citrix Systems by 828.4% during the 2nd quarter. Holocene Advisors LP now owns 1,655,346 shares of the cloud computing company’s stock worth $162,456,000 after buying an additional 1,477,046 shares during the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.
Citrix Systems Company Profile
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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