Juniper Networks, Inc. (JNPR) Expected to Announce Earnings of $0.52 Per Share
Wall Street brokerages expect Juniper Networks, Inc. (NYSE:JNPR) to post $0.52 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Juniper Networks’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.54. Juniper Networks posted earnings per share of $0.66 in the same quarter last year, which would indicate a negative year over year growth rate of 21.2%. The business is expected to issue its next 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 fiscal year, with EPS estimates ranging from $2.06 to $2.12. For the next financial year, analysts forecast that the business will report earnings of $2.15 per share, with EPS estimates ranging from $1.96 to $2.26. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Juniper Networks.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The business’s revenue was down 2.1% on a year-over-year basis.
A number of research analysts have weighed in on JNPR shares. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, August 16th. Raymond James Financial set a $31.00 price target on Juniper Networks and gave the stock a “buy” rating in a research note on Thursday. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Bank of America lowered Juniper Networks from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $31.00 in a research note on Wednesday, October 11th. Finally, Nomura lowered Juniper Networks from a “buy” rating to a “neutral” rating and cut their target price for the stock from $33.00 to $27.00 in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $29.25.
In other news, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rahul N. Merchant purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the acquisition, the director now owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Numeric Investors LLC increased its stake in shares of Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock valued at $130,289,000 after acquiring an additional 4,557,800 shares during the period. Renaissance Technologies LLC increased its stake in shares of Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after acquiring an additional 3,604,200 shares during the period. Prudential Financial Inc. increased its stake in shares of Juniper Networks by 260.0% during the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock valued at $94,076,000 after acquiring an additional 2,437,006 shares during the period. Vanguard Group Inc. increased its stake in shares of Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after acquiring an additional 2,314,683 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in shares of Juniper Networks during the second quarter valued at approximately $43,858,000. 90.94% of the stock is currently owned by institutional investors.
Juniper Networks (NYSE JNPR) traded up $0.01 during mid-day trading on Friday, reaching $28.39. The company had a trading volume of 3,382,512 shares, compared to its average volume of 5,251,200. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The stock has a market cap of $10,790.00, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.64 and a beta of 1.10. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Juniper Networks’s dividend payout ratio is currently 23.95%.
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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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