Zacks: Brokerages Anticipate Citrix Systems, Inc. (CTXS) Will Announce Earnings of $1.20 Per Share
Brokerages predict that Citrix Systems, Inc. (NASDAQ:CTXS) will report earnings of $1.20 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Citrix Systems’ earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $1.10. Citrix Systems posted earnings of $1.29 per share during the same quarter last year, which would suggest a negative year over year growth rate of 7%. The firm is expected to announce its next earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Citrix Systems will report full-year earnings of $6.00 per share for the current fiscal year, with EPS estimates ranging from $5.95 to $6.01. For the next fiscal year, analysts expect that the business will report earnings of $6.56 per share, with EPS estimates ranging from $6.35 to $6.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Citrix Systems.
Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.08. The company had revenue of $802.00 million during the quarter, compared to the consensus estimate of $791.27 million. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share.
In other news, CFO Matto Andrew H. Del sold 582 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $106.78, for a total transaction of $62,145.96. Following the transaction, the chief financial officer now directly owns 60,294 shares of the company’s stock, valued at $6,438,193.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Calderoni sold 2,136 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $101.03, for a total transaction of $215,800.08. Following the transaction, the insider now directly owns 109,494 shares in the company, valued at $11,062,178.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,071 shares of company stock valued at $2,711,264. Company insiders own 0.56% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CTXS. Pearl River Capital LLC acquired a new position in shares of Citrix Systems during the fourth quarter worth $26,000. Smart Portfolios LLC bought a new position in Citrix Systems during the fourth quarter worth $29,000. CWM LLC raised its stake in Citrix Systems by 43.4% during the fourth quarter. CWM LLC now owns 324 shares of the cloud computing company’s stock worth $33,000 after buying an additional 98 shares during the last quarter. Essex Savings Bank bought a new position in Citrix Systems during the fourth quarter worth $43,000. Finally, Oregon Public Employees Retirement Fund raised its stake in Citrix Systems by 8,930.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,459,674 shares of the cloud computing company’s stock worth $44,000 after buying an additional 4,410,291 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.
NASDAQ:CTXS traded up $0.52 during trading hours on Friday, reaching $102.18. 21,078 shares of the stock were exchanged, compared to its average volume of 2,146,621. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. Citrix Systems has a 52 week low of $90.32 and a 52 week high of $116.82. The company has a market cap of $13.42 billion, a PE ratio of 22.33, a P/E/G ratio of 2.66 and a beta of 1.02.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, March 7th. Citrix Systems’s payout ratio is presently 30.57%.
About Citrix Systems
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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