Wall Street analysts forecast that Citrix Systems, Inc. (NASDAQ:CTXS) will post $1.26 earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Citrix Systems’ earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $1.32. Citrix Systems posted earnings of $1.22 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The business is scheduled to announce its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Citrix Systems will report full-year earnings of $5.38 per share for the current financial year, with EPS estimates ranging from $5.35 to $5.51. For the next fiscal year, analysts forecast that the business will report earnings of $5.97 per share, with EPS estimates ranging from $5.77 to $6.21. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Citrix Systems.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, July 25th. The cloud computing company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.08. The company had revenue of $742.36 million during the quarter, compared to analysts’ expectations of $716.33 million. Citrix Systems had a net margin of 3.23% and a return on equity of 64.77%. Citrix Systems’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $103.00 earnings per share.

Several equities analysts recently weighed in on CTXS shares. BidaskClub cut shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Barclays raised their target price on shares of Citrix Systems from $112.00 to $114.00 and gave the company an “equal weight” rating in a research note on Friday. Robert W. Baird reaffirmed a “hold” rating and set a $120.00 target price on shares of Citrix Systems in a research note on Thursday, July 26th. Cowen reaffirmed a “hold” rating and set a $120.00 target price on shares of Citrix Systems in a research note on Thursday, July 26th. Finally, Stifel Nicolaus raised their target price on shares of Citrix Systems from $105.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Citrix Systems has an average rating of “Hold” and an average target price of $114.21.

CTXS traded down $1.33 during trading on Friday, hitting $110.96. 898,300 shares of the company traded hands, compared to its average volume of 1,676,115. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.93 and a beta of 1.16. Citrix Systems has a 1 year low of $75.01 and a 1 year high of $116.82. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75.

In other Citrix Systems news, CEO David J. Henshall sold 10,000 shares of the stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $105.81, for a total transaction of $1,058,100.00. Following the completion of the transaction, the chief executive officer now owns 344,236 shares in the company, valued at $36,423,611.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jessica Soisson sold 1,136 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $113.78, for a total transaction of $129,254.08. The disclosure for this sale can be found here. Insiders have sold 27,520 shares of company stock valued at $2,961,362 in the last quarter. 0.56% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Fort L.P. bought a new position in Citrix Systems during the second quarter valued at $120,000. Optimum Investment Advisors bought a new stake in shares of Citrix Systems in the 1st quarter worth about $136,000. Piedmont Investment Advisors LLC bought a new stake in shares of Citrix Systems in the 2nd quarter worth about $153,000. Itau Unibanco Holding S.A. bought a new stake in shares of Citrix Systems in the 2nd quarter worth about $163,000. Finally, Advisors Preferred LLC bought a new stake in shares of Citrix Systems in the 2nd quarter worth about $172,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Citrix Systems Company Profile

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.

Further Reading: Analyst Ratings

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

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