Zacks: Analysts Anticipate Juniper Networks, Inc. (JNPR) Will Post Earnings of $0.52 Per Share
Wall Street brokerages expect Juniper Networks, Inc. (NYSE:JNPR) to report $0.52 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Juniper Networks’ earnings. The lowest EPS estimate is $0.48 and the highest is $0.54. Juniper Networks posted earnings of $0.66 per share in the same quarter last year, which would indicate a negative year over year growth rate of 21.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.06 to $2.12. For the next year, analysts anticipate that the business will report earnings of $2.16 per share, with EPS estimates ranging from $1.96 to $2.26. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Juniper Networks.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share.
Several research firms recently commented on JNPR. Drexel Hamilton reiterated a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a research note on Thursday, July 20th. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Friday, July 21st. Robert W. Baird set a $30.00 target price on Juniper Networks and gave the stock a “hold” rating in a research report on Wednesday, July 26th. UBS AG reaffirmed a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Juniper Networks in a research report on Wednesday, July 26th. Finally, TheStreet raised Juniper Networks from a “c+” rating to a “b” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.42.
In other Juniper Networks news, Director Rahul N. Merchant acquired 2,000 shares of Juniper Networks stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the purchase, the director now directly owns 22,543 shares in the company, valued at approximately $551,852.64. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rami Rahim sold 5,400 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,200 shares of company stock valued at $1,296,861. Company insiders own 2.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Creative Planning raised its holdings in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Juniper Networks by 0.3% in the 2nd quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 24 shares during the period. Contravisory Investment Management Inc. raised its holdings in shares of Juniper Networks by 0.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after purchasing an additional 60 shares during the period. Cadence Capital Management LLC raised its holdings in shares of Juniper Networks by 0.5% in the 2nd quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after purchasing an additional 63 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Juniper Networks by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock valued at $1,204,000 after purchasing an additional 121 shares during the period. 93.32% of the stock is currently owned by institutional investors.
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Shares of Juniper Networks (NYSE:JNPR) opened at $26.19 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $9,870.00, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. Juniper Networks’s dividend payout ratio is 23.95%.
About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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