Analysts Anticipate Citrix Systems, Inc. (CTXS) Will Post Earnings of $0.82 Per Share
Wall Street brokerages predict that Citrix Systems, Inc. (NASDAQ:CTXS) will report $0.82 earnings per share for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Citrix Systems’ earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.79. Citrix Systems posted earnings per share of $1.11 in the same quarter last year, which suggests a negative year over year growth rate of 26.1%. The firm is scheduled to report its next earnings results on Wednesday, October 18th.
On average, analysts expect that Citrix Systems will report full year earnings of $3.80 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.82. For the next year, analysts anticipate that the firm will post earnings of $4.19 per share, with EPS estimates ranging from $3.71 to $4.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Citrix Systems.
Citrix Systems (NASDAQ:CTXS) last released its 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. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The company had revenue of $693 million during the quarter, compared to analyst estimates of $690.83 million. During the same period in the prior year, the business posted $1.20 earnings per share. Citrix Systems’s revenue was up 3.0% on a year-over-year basis.
A number of brokerages have recently weighed in on CTXS. Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a report on Thursday, August 3rd. BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. Barclays PLC reiterated an “overweight” rating and issued a $90.00 target price (up previously from $87.00) on shares of Citrix Systems in a report on Thursday, August 3rd. Robert W. Baird upgraded Citrix Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $85.00 to $90.00 in a report on Thursday, April 27th. Finally, MKM Partners upped their target price on Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Citrix Systems presently has an average rating of “Hold” and a consensus price target of $90.13.
A number of large investors have recently made changes to their positions in CTXS. Bank of Montreal Can boosted its stake in shares of Citrix Systems by 35.6% in the second quarter. Bank of Montreal Can now owns 5,036,419 shares of the cloud computing company’s stock worth $400,799,000 after buying an additional 1,321,350 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Citrix Systems during the first quarter worth about $89,128,000. Marshall Wace North America L.P. bought a new stake in shares of Citrix Systems during the first quarter worth about $89,128,000. Schroder Investment Management Group boosted its stake in shares of Citrix Systems by 224.0% in the first quarter. Schroder Investment Management Group now owns 1,301,379 shares of the cloud computing company’s stock worth $109,459,000 after buying an additional 899,730 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its stake in shares of Citrix Systems by 375.0% in the first quarter. MUFG Securities EMEA plc now owns 950,000 shares of the cloud computing company’s stock worth $79,221,000 after buying an additional 750,000 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.
Citrix Systems (CTXS) traded down 1.58% during midday trading on Tuesday, hitting $77.23. 654,894 shares of the company traded hands. The stock has a 50 day moving average price of $80.46 and a 200-day moving average price of $80.96. The company has a market cap of $12.05 billion, a PE ratio of 26.02 and a beta of 1.49. Citrix Systems has a 12-month low of $64.11 and a 12-month high of $87.99.
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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