$1.60 EPS Expected for Citrix Systems, Inc. (CTXS) This Quarter

Equities analysts expect Citrix Systems, Inc. (NASDAQ:CTXS) to post earnings of $1.60 per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Citrix Systems’ earnings. The highest EPS estimate is $1.64 and the lowest is $1.58. Citrix Systems posted earnings per share of $1.61 in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that Citrix Systems will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.79 to $4.82. For the next year, analysts expect that the company will post earnings of $4.93 per share, with EPS estimates ranging from $4.45 to $5.97. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Citrix Systems.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The company had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. During the same quarter last year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.

A number of equities analysts have recently commented on CTXS shares. Goldman Sachs Group, Inc. (The) raised shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird set a $90.00 target price on shares of Citrix Systems and gave the stock a “buy” rating in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $85.00 target price on shares of Citrix Systems in a research report on Monday, September 4th. Finally, BidaskClub lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Citrix Systems currently has a consensus rating of “Hold” and an average price target of $89.50.

Citrix Systems (NASDAQ:CTXS) traded up $0.19 during trading hours on Friday, hitting $84.22. 1,250,200 shares of the stock were exchanged, compared to its average volume of 1,741,777. Citrix Systems has a 12 month low of $66.28 and a 12 month high of $87.99. The company has a market capitalization of $12,689.87, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 4.02 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44.

In other news, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $84.32, for a total value of $210,800.00. Following the sale, the chief financial officer now owns 38,512 shares in the company, valued at approximately $3,247,331.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the completion of the sale, the chief executive officer now owns 306,777 shares in the company, valued at approximately $25,845,962.25. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of Citrix Systems by 10.4% in the 2nd quarter. First Trust Advisors LP now owns 2,475,053 shares of the cloud computing company’s stock valued at $196,965,000 after purchasing an additional 233,370 shares in the last quarter. Farallon Capital Management LLC boosted its stake in shares of Citrix Systems by 8.2% in the 2nd quarter. Farallon Capital Management LLC now owns 1,606,673 shares of the cloud computing company’s stock valued at $127,859,000 after purchasing an additional 121,549 shares in the last quarter. BT Investment Management Ltd boosted its stake in shares of Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock valued at $101,020,000 after purchasing an additional 138,032 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Citrix Systems by 0.9% in the 3rd quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock valued at $97,221,000 after purchasing an additional 10,876 shares in the last quarter. Finally, Numeric Investors LLC boosted its stake in shares of Citrix Systems by 61.4% in the 2nd quarter. Numeric Investors LLC now owns 1,156,334 shares of the cloud computing company’s stock valued at $92,021,000 after purchasing an additional 439,821 shares in the last quarter. Institutional investors own 93.33% of the company’s stock.

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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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Earnings History and Estimates for Citrix Systems (NASDAQ:CTXS)

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