Zacks: Brokerages Expect Juniper Networks, Inc. (NYSE:JNPR) to Post $0.58 Earnings Per Share

Wall Street analysts expect that Juniper Networks, Inc. (NYSE:JNPR) will announce earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Juniper Networks’ earnings. The lowest EPS estimate is $0.56 and the highest is $0.60. Juniper Networks posted earnings per share of $0.59 during the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The business is scheduled to report its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.74. For the next financial year, analysts expect that the firm will post earnings of $1.85 per share, with EPS estimates ranging from $1.70 to $2.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Juniper Networks.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, October 24th. The network equipment provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Juniper Networks had a net margin of 8.35% and a return on equity of 9.54%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share.

JNPR has been the subject of a number of analyst reports. Nomura lowered their target price on shares of Juniper Networks from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Goldman Sachs Group set a $21.00 target price on shares of Juniper Networks and gave the stock a “sell” rating in a research note on Friday, October 25th. Barclays initiated coverage on shares of Juniper Networks in a research note on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 target price for the company. Zacks Investment Research downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 target price for the company. in a research note on Thursday, September 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $29.00 target price on shares of Juniper Networks in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $26.13.

Shares of NYSE:JNPR traded up $0.42 during trading on Thursday, hitting $26.17. The company’s stock had a trading volume of 4,074,400 shares, compared to its average volume of 3,365,072. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.13 and a current ratio of 2.24. The business has a 50 day moving average price of $24.34 and a two-hundred day moving average price of $25.46. The company has a market capitalization of $8.76 billion, a PE ratio of 19.24, a P/E/G ratio of 3.52 and a beta of 0.99. Juniper Networks has a fifty-two week low of $22.42 and a fifty-two week high of $30.67.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, November 29th. This represents a $0.76 annualized dividend and a yield of 2.90%. Juniper Networks’s dividend payout ratio is currently 55.88%.

Juniper Networks declared that its board has initiated a stock repurchase program on Thursday, October 24th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network equipment provider to purchase up to 11.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

In other Juniper Networks news, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brian Martin sold 44,154 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $25.72, for a total transaction of $1,135,640.88. Following the transaction, the senior vice president now owns 42,746 shares in the company, valued at $1,099,427.12. The disclosure for this sale can be found here. Insiders have sold 93,213 shares of company stock valued at $2,344,691 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama grew its position in shares of Juniper Networks by 14.3% in the second quarter. Retirement Systems of Alabama now owns 1,470,594 shares of the network equipment provider’s stock valued at $39,162,000 after purchasing an additional 183,586 shares during the last quarter. New England Research & Management Inc. grew its position in shares of Juniper Networks by 5.0% in the second quarter. New England Research & Management Inc. now owns 28,600 shares of the network equipment provider’s stock valued at $762,000 after purchasing an additional 1,350 shares during the last quarter. Kwmg LLC grew its position in shares of Juniper Networks by 5.5% in the second quarter. Kwmg LLC now owns 90,943 shares of the network equipment provider’s stock valued at $2,422,000 after purchasing an additional 4,730 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Juniper Networks in the second quarter valued at approximately $51,000. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Juniper Networks by 9.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 186,902 shares of the network equipment provider’s stock valued at $4,977,000 after purchasing an additional 15,817 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Earnings History and Estimates for Juniper Networks (NYSE:JNPR)

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