Equities research analysts predict that Citrix Systems, Inc. (NASDAQ:CTXS) will post $794.72 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Citrix Systems’ earnings, with the lowest sales estimate coming in at $790.00 million and the highest estimate coming in at $804.00 million. Citrix Systems reported sales of $860.95 million in the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, April 22nd.
On average, analysts expect that Citrix Systems will report full-year sales of $3.35 billion for the current year, with estimates ranging from $3.33 billion to $3.41 billion. For the next financial year, analysts forecast that the business will report sales of $3.65 billion, with estimates ranging from $3.50 billion to $4.06 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Citrix Systems.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Monday, January 18th. The cloud computing company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. Citrix Systems had a return on equity of 391.74% and a net margin of 18.52%. The firm had revenue of $810.00 million for the quarter, compared to analysts’ expectations of $781.55 million. During the same period in the prior year, the business posted $1.71 earnings per share. The business’s revenue was up .0% compared to the same quarter last year.
In other Citrix Systems news, EVP Mark J. Ferrer sold 2,098 shares of the business’s stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $124.31, for a total value of $260,802.38. Following the transaction, the executive vice president now owns 47,604 shares of the company’s stock, valued at $5,917,653.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jessica Soisson sold 1,430 shares of the business’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $141.50, for a total value of $202,345.00. In the last three months, insiders sold 55,786 shares of company stock worth $7,628,604. Insiders own 0.54% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. NuWave Investment Management LLC lifted its stake in shares of Citrix Systems by 154.1% during the third quarter. NuWave Investment Management LLC now owns 188 shares of the cloud computing company’s stock valued at $26,000 after acquiring an additional 114 shares during the period. Pacifica Partners Inc. acquired a new position in shares of Citrix Systems during the fourth quarter valued at $26,000. Annapolis Financial Services LLC acquired a new position in shares of Citrix Systems during the fourth quarter valued at $26,000. Retirement Group LLC acquired a new position in shares of Citrix Systems during the fourth quarter valued at $26,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Citrix Systems by 183.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 272 shares of the cloud computing company’s stock valued at $37,000 after acquiring an additional 176 shares during the period. 87.97% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:CTXS traded up $2.34 during trading hours on Thursday, reaching $137.44. The company had a trading volume of 86,998 shares, compared to its average volume of 1,372,135. The stock has a 50-day moving average of $132.74 and a two-hundred day moving average of $131.73. Citrix Systems has a one year low of $100.31 and a one year high of $173.56. The firm has a market capitalization of $16.90 billion, a PE ratio of 28.99, a PEG ratio of 3.83 and a beta of 0.27. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 25.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be paid a $0.37 dividend. The ex-dividend date is Thursday, March 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.08%. This is a positive change from Citrix Systems’s previous quarterly dividend of $0.35. Citrix Systems’s payout ratio is currently 33.90%.
About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and professional services worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; and Workspace Intelligence that customizes and streamlines user workflows, as well as microapp creation with low-code tooling, automates tasks and functions.
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