Wall Street analysts predict that Juniper Networks, Inc. (NYSE:JNPR) will report earnings per share of $0.46 for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Juniper Networks’ earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.49. Juniper Networks posted earnings per share of $0.54 in the same quarter last year, which would suggest a negative year-over-year growth rate of 14.8%. The firm is scheduled to report its next earnings report after the market closes on Thursday, October 24th.
According to Zacks, analysts expect that Juniper Networks will report full year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.74. For the next financial year, analysts expect that the company will post earnings of $1.90 per share, with EPS estimates ranging from $1.70 to $2.15. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Juniper Networks.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share.
A number of brokerages have weighed in on JNPR. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and decreased their target price for the company from $28.00 to $24.00 in a research report on Monday, July 8th. Raymond James set a $29.00 target price on Juniper Networks and gave the company a “buy” rating in a research report on Friday, September 6th. Evercore ISI started coverage on Juniper Networks in a research report on Wednesday, September 11th. They set an “inline” rating and a $26.00 target price for the company. Zacks Investment Research downgraded Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a report on Thursday, September 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $29.00 price target on shares of Juniper Networks in a report on Friday. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.36.
NYSE JNPR traded up $0.32 on Wednesday, reaching $24.22. 1,325,451 shares of the stock traded hands, compared to its average volume of 2,751,547. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.13 and a current ratio of 2.13. The company has a fifty day moving average price of $23.88 and a 200-day moving average price of $25.72. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 3.05 and a beta of 0.98. Juniper Networks has a 12 month low of $22.42 and a 12 month high of $30.80.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a yield of 3.14%. Juniper Networks’s dividend payout ratio (DPR) is 55.88%.
In related news, CFO Kenneth Bradley Miller sold 7,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $27.02, for a total transaction of $189,140.00. Following the transaction, the chief financial officer now directly owns 77,333 shares in the company, valued at approximately $2,089,537.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William Stensrud sold 10,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,500 shares of company stock worth $737,990. 1.10% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. CKW Financial Group grew its stake in Juniper Networks by 20.0% during the 2nd quarter. CKW Financial Group now owns 2,400 shares of the network equipment provider’s stock valued at $64,000 after purchasing an additional 400 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in Juniper Networks by 33.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,679 shares of the network equipment provider’s stock valued at $45,000 after purchasing an additional 423 shares during the last quarter. World Asset Management Inc grew its stake in Juniper Networks by 1.7% during the 2nd quarter. World Asset Management Inc now owns 27,147 shares of the network equipment provider’s stock valued at $723,000 after purchasing an additional 466 shares during the last quarter. Advisor Group Inc. grew its stake in Juniper Networks by 1.7% during the 2nd quarter. Advisor Group Inc. now owns 33,470 shares of the network equipment provider’s stock valued at $893,000 after purchasing an additional 568 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Juniper Networks by 5.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 13,306 shares of the network equipment provider’s stock valued at $354,000 after purchasing an additional 713 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
About Juniper Networks
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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