$1.04 Earnings Per Share Expected for Citrix Systems, Inc. (CTXS) This Quarter
Analysts expect Citrix Systems, Inc. (NASDAQ:CTXS) to report earnings per share of $1.04 for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Citrix Systems’ earnings, with estimates ranging from $1.03 to $1.05. Citrix Systems reported earnings per share of $1.32 during the same quarter last year, which would suggest a negative year over year growth rate of 21.2%. The company is expected to report its next earnings results after the market closes on Wednesday, October 25th.
On average, analysts expect that Citrix Systems will report full-year earnings of $4.62 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.64. For the next year, analysts expect that the company will post earnings of $5.04 per share, with EPS estimates ranging from $4.53 to $5.52. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Citrix Systems.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share.
A number of research firms have recently weighed in on CTXS. BidaskClub downgraded shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 price target on shares of Citrix Systems in a research note on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a research note on Monday, July 31st. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Citrix Systems presently has an average rating of “Hold” and a consensus target price of $89.54.
Citrix Systems (NASDAQ CTXS) traded up 0.91% during mid-day trading on Friday, hitting $83.49. 1,537,219 shares of the stock traded hands. Citrix Systems has a 52 week low of $65.56 and a 52 week high of $87.99. The firm has a market cap of $12.65 billion, a P/E ratio of 28.13 and a beta of 1.49. The firm’s 50-day moving average price is $78.32 and its 200-day moving average price is $80.31.
A number of institutional investors and hedge funds have recently made changes to their positions in CTXS. Fifth Third Bancorp grew its holdings in shares of Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock valued at $152,000 after purchasing an additional 171 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in Citrix Systems by 12.0% in the second quarter. Greenwood Capital Associates LLC now owns 2,689 shares of the cloud computing company’s stock worth $214,000 after buying an additional 289 shares during the last quarter. Colony Group LLC bought a new stake in Citrix Systems in the second quarter worth $228,000. New Amsterdam Partners LLC NY bought a new stake in Citrix Systems in the second quarter worth $231,000. Finally, Atria Investments LLC bought a new stake in Citrix Systems in the second quarter worth $235,000. 93.58% of the stock is owned by institutional investors and hedge funds.
About Citrix Systems
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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