Citrix Systems (CTXS) Updates FY19 Earnings Guidance

Citrix Systems (NASDAQ:CTXS) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.01. The company issued revenue guidance of $3.08-3.09 billion, compared to the consensus revenue estimate of $3.09 billion.Citrix Systems also updated its FY 2019 guidance to $6.00-6.00 EPS.

A number of research firms recently commented on CTXS. BidaskClub upgraded Citrix Systems from a hold rating to a buy rating in a report on Wednesday, January 16th. Wedbush dropped their price objective on Citrix Systems from $115.00 to $110.00 and set a neutral rating on the stock in a report on Thursday, January 24th. TheStreet upgraded Citrix Systems from a c+ rating to a b rating in a report on Wednesday, January 23rd. Zacks Investment Research reiterated a hold rating and set a $113.00 price target on shares of Citrix Systems in a report on Monday, December 31st. Finally, ValuEngine downgraded Citrix Systems from a buy rating to a hold rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Citrix Systems has an average rating of Hold and a consensus price target of $113.77.

CTXS stock traded down $0.42 during midday trading on Wednesday, hitting $100.46. 1,442,520 shares of the company traded hands, compared to its average volume of 2,219,278. Citrix Systems has a twelve month low of $93.90 and a twelve month high of $116.82. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. The company has a market cap of $13.19 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.66 and a beta of 1.01.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, April 24th. The cloud computing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The company had revenue of $719.14 million for the quarter, compared to the consensus estimate of $707.78 million. During the same quarter last year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Citrix Systems will post 4.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.39%. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.

In other news, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $101.95, for a total value of $141,506.60. Following the completion of the sale, the executive vice president now directly owns 59,421 shares of the company’s stock, valued at $6,057,970.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David J. Henshall sold 4,298 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $100.00, for a total value of $429,800.00. Following the completion of the sale, the chief executive officer now directly owns 355,156 shares of the company’s stock, valued at $35,515,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,087 shares of company stock worth $1,222,251. Corporate insiders own 0.56% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.com-unik.info/2019/04/24/citrix-systems-ctxs-updates-fy19-earnings-guidance.html.

About Citrix Systems

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

Featured Story: Momentum Investing

Receive News & Ratings for Citrix Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit