$1.04 Earnings Per Share Expected for Citrix Systems, Inc. (CTXS) This Quarter
Wall Street brokerages predict that Citrix Systems, Inc. (NASDAQ:CTXS) will post $1.04 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Citrix Systems’ earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.05. Citrix Systems reported earnings of $1.32 per share in the same quarter last year, which would indicate a negative year over year growth rate of 21.2%. The company is expected to announce its next earnings results on Wednesday, October 18th.
According to Zacks, 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 report earnings of $5.05 per share, with EPS estimates ranging from $4.53 to $5.62. Zacks’ earnings per share averages are a mean 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). The company had revenue of $693.00 million during the quarter, compared to the consensus estimate of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. Citrix Systems’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS.
Several equities research analysts have recently issued reports on the stock. BidaskClub cut 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 set a $77.00 price objective on shares of Citrix Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a research report on Monday, July 31st. BTIG Research reiterated a “neutral” rating on shares of Citrix Systems in a research report on Wednesday, August 16th. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $61.00 price objective on shares of Citrix Systems in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $89.25.
Shares of Citrix Systems (NASDAQ CTXS) traded down 1.082% during trading on Thursday, hitting $76.325. 73,827 shares of the stock were exchanged. The stock has a market cap of $11.56 billion, a PE ratio of 25.716 and a beta of 1.48. The firm has a 50 day moving average of $76.93 and a 200-day moving average of $80.90. Citrix Systems has a 52-week low of $64.18 and a 52-week high of $87.99.
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Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its stake in Citrix Systems by 10.3% in the first quarter. Fifth Third Bancorp now owns 1,825 shares of the cloud computing company’s stock worth $152,000 after acquiring an additional 171 shares during the period. Greenwood Capital Associates LLC purchased a new stake in Citrix Systems in the first quarter worth about $200,000. ZWJ Investment Counsel Inc. purchased a new stake in Citrix Systems in the first quarter worth about $225,000. Colony Group LLC purchased a new stake in Citrix Systems in the second quarter worth about $228,000. Finally, Global X Management Co. LLC lifted its stake in Citrix Systems by 18.4% in the first quarter. Global X Management Co. LLC now owns 2,877 shares of the cloud computing company’s stock worth $240,000 after acquiring an additional 448 shares during the period. 93.63% of the stock is owned by institutional investors.
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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