Wall Street brokerages expect Juniper Networks, Inc. (NYSE:JNPR) to report $0.22 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have issued estimates for Juniper Networks’ earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.33. Juniper Networks reported earnings of $0.28 per share during the same quarter last year, which indicates a negative year over year growth rate of 21.4%. The firm is expected to report its next earnings results after the market closes on Thursday, April 25th.

On average, analysts expect that Juniper Networks will report full year earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.96. For the next year, analysts expect that the firm will post earnings of $2.01 per share, with EPS estimates ranging from $1.80 to $2.20. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Juniper Networks.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 29th. The network equipment provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Juniper Networks had a return on equity of 10.47% and a net margin of 12.20%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.22 billion.

JNPR has been the subject of several analyst reports. Bank of America downgraded shares of Juniper Networks from a “buy” rating to an “underperform” rating and dropped their price target for the company from $33.00 to $25.00 in a research note on Wednesday, January 30th. Zacks Investment Research cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Piper Jaffray Companies set a $27.00 price objective on shares of Juniper Networks and gave the company a “hold” rating in a report on Tuesday, March 5th. Wolfe Research assumed coverage on shares of Juniper Networks in a report on Tuesday, December 11th. They set an “outperform” rating for the company. Finally, Credit Suisse Group set a $21.00 price objective on shares of Juniper Networks and gave the company a “sell” rating in a report on Wednesday, January 16th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $27.71.

Shares of JNPR stock traded down $0.46 during trading hours on Friday, hitting $26.32. 3,661,874 shares of the company’s stock traded hands, compared to its average volume of 3,784,201. The company has a market capitalization of $9.16 billion, a P/E ratio of 19.35, a PEG ratio of 2.74 and a beta of 0.84. Juniper Networks has a 12 month low of $23.61 and a 12 month high of $30.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.49 and a current ratio of 2.49.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.18. Juniper Networks’s dividend payout ratio (DPR) is currently 55.88%.

In other Juniper Networks news, EVP Bikash Koley sold 2,232 shares of Juniper Networks stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $27.05, for a total value of $60,375.60. Following the transaction, the executive vice president now directly owns 56,739 shares in the company, valued at approximately $1,534,789.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 10,700 shares of Juniper Networks stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $26.08, for a total value of $279,056.00. The disclosure for this sale can be found here. Insiders have sold a total of 27,033 shares of company stock worth $698,957 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Dodge & Cox grew its position in shares of Juniper Networks by 4.9% in the third quarter. Dodge & Cox now owns 41,586,457 shares of the network equipment provider’s stock valued at $1,246,346,000 after purchasing an additional 1,933,700 shares during the last quarter. Vanguard Group Inc raised its position in Juniper Networks by 0.5% in the third quarter. Vanguard Group Inc now owns 37,806,114 shares of the network equipment provider’s stock worth $1,133,049,000 after acquiring an additional 182,088 shares during the period. BlackRock Inc. raised its position in Juniper Networks by 4.7% in the fourth quarter. BlackRock Inc. now owns 25,497,949 shares of the network equipment provider’s stock worth $686,151,000 after acquiring an additional 1,142,679 shares during the period. Bank of New York Mellon Corp raised its position in Juniper Networks by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,787,788 shares of the network equipment provider’s stock worth $182,659,000 after acquiring an additional 85,063 shares during the period. Finally, Geode Capital Management LLC raised its position in Juniper Networks by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock worth $161,957,000 after acquiring an additional 444,273 shares during the period. Institutional investors own 89.72% 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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