Equities research analysts expect that Citrix Systems, Inc. (NASDAQ:CTXS) will post earnings of $1.60 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Citrix Systems’ earnings. The highest EPS estimate is $1.64 and the lowest is $1.57. Citrix Systems posted earnings of $1.61 per share during the same quarter last year, which would indicate a negative year over year growth rate of 0.6%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, January 31st.

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 $4.78 to $4.82. For the next year, analysts expect that the company will report earnings of $4.80 per share, with EPS estimates ranging from $4.45 to $5.04. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Citrix Systems.

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

CTXS has been the subject of several recent analyst reports. Goldman Sachs Group raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 target price for the company in a report on Friday, November 3rd. Zacks Investment Research lowered Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird set a $90.00 target price on Citrix Systems and gave the company a “buy” rating in a report on Friday, October 6th. Citigroup reduced their target price on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Stifel Nicolaus reduced their target price on Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Citrix Systems (NASDAQ:CTXS) traded up $1.34 during mid-day trading on Friday, hitting $92.72. The stock had a trading volume of 1,205,832 shares, compared to its average volume of 1,390,000. The company has a market capitalization of $13,970.00, a price-to-earnings ratio of 28.80, a PEG ratio of 4.50 and a beta of 1.41. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.69. Citrix Systems has a 52 week low of $70.24 and a 52 week high of $92.87.

Citrix Systems declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 13th that permits the company to buyback $1.70 billion in shares. This buyback authorization permits the cloud computing company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total transaction of $210,800.00. Following the sale, the chief financial officer now owns 38,512 shares in the company, valued at $3,247,331.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $84.25, for a total value of $1,053,125.00. Following 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. Over the last three months, insiders have sold 98,530 shares of company stock valued at $8,448,117. 0.44% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. BT Investment Management Ltd lifted its position in shares of Citrix Systems by 11.7% during the third quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after acquiring an additional 138,032 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Citrix Systems by 22.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,100,626 shares of the cloud computing company’s stock worth $87,588,000 after acquiring an additional 200,291 shares in the last quarter. Profit Investment Management LLC lifted its position in shares of Citrix Systems by 43.4% during the third quarter. Profit Investment Management LLC now owns 16,092 shares of the cloud computing company’s stock worth $1,236,000 after acquiring an additional 4,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Citrix Systems by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 544,857 shares of the cloud computing company’s stock worth $43,360,000 after acquiring an additional 68,506 shares in the last quarter. Finally, PGGM Investments lifted its position in shares of Citrix Systems by 25.3% during the third quarter. PGGM Investments now owns 468,106 shares of the cloud computing company’s stock worth $35,960,000 after acquiring an additional 94,592 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.

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Citrix Systems Company Profile

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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