Zacks: Brokerages Expect Citrix Systems (CTXS) to Announce $1.05 EPS
Equities analysts expect that Citrix Systems (NASDAQ:CTXS) will report $1.05 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have made estimates for Citrix Systems’ earnings, with estimates ranging from $1.03 to $1.07. Citrix Systems reported earnings of $0.97 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, April 25th.
On average, analysts expect that Citrix Systems will report full year earnings of $4.87 per share for the current year, with EPS estimates ranging from $4.80 to $4.91. For the next year, analysts expect that the company will report earnings of $5.51 per share, with EPS estimates ranging from $5.21 to $5.89. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Citrix Systems.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.06. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The company had revenue of $777.90 million for the quarter, compared to analyst estimates of $778.49 million. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year.
In related news, insider Robert Calderoni sold 62,237 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $95.78, for a total value of $5,961,059.86. Following the sale, the insider now owns 208,112 shares in the company, valued at $19,932,967.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $92.62, for a total value of $1,157,750.00. Following the completion of the sale, the chief executive officer now owns 281,777 shares in the company, valued at approximately $26,098,185.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,010 shares of company stock worth $7,786,462. 0.44% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CTXS. American International Group Inc. lifted its holdings in Citrix Systems by 9.3% in the fourth quarter. American International Group Inc. now owns 64,514 shares of the cloud computing company’s stock valued at $5,677,000 after acquiring an additional 5,484 shares during the period. Barings LLC lifted its holdings in Citrix Systems by 39.4% in the fourth quarter. Barings LLC now owns 19,122 shares of the cloud computing company’s stock valued at $1,683,000 after acquiring an additional 5,400 shares during the period. Signition LP acquired a new position in Citrix Systems in the fourth quarter valued at approximately $4,383,000. Janney Montgomery Scott LLC lifted its holdings in Citrix Systems by 29.9% in the third quarter. Janney Montgomery Scott LLC now owns 27,253 shares of the cloud computing company’s stock valued at $2,094,000 after acquiring an additional 6,273 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Citrix Systems by 3.0% in the third quarter. Parametric Portfolio Associates LLC now owns 343,577 shares of the cloud computing company’s stock valued at $26,394,000 after acquiring an additional 9,868 shares during the period. Hedge funds and other institutional investors own 91.46% of the company’s stock.
CTXS opened at $95.97 on Friday. Citrix Systems has a 1 year low of $73.33 and a 1 year high of $96.96. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $12,920.71, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.99 and a beta of 1.27.
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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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