Juniper Networks, Inc. (JNPR) Expected to Announce Earnings of $0.58 Per Share
Analysts expect that Juniper Networks, Inc. (NYSE:JNPR) will post earnings per share of $0.58 for the current quarter, Zacks reports. Eight analysts have provided estimates for Juniper Networks’ earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.61. Juniper Networks also posted earnings of $0.58 per share during the same quarter last year. The firm is expected to issue its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $2.23 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.35. For the next financial year, analysts forecast that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.02 to $2.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Juniper Networks.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. Juniper Networks’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share.
JNPR has been the subject of several recent research reports. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, July 28th. Raymond James Financial, Inc. raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and issued a $34.00 price target on shares of Juniper Networks in a research report on Wednesday, August 23rd. Instinet reissued a “buy” rating and issued a $33.00 price target on shares of Juniper Networks in a research report on Tuesday, July 4th. Finally, TheStreet lowered shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.94.
Shares of Juniper Networks (JNPR) traded down 0.32% during mid-day trading on Tuesday, reaching $27.62. The company had a trading volume of 2,219,977 shares. Juniper Networks has a 52-week low of $22.41 and a 52-week high of $30.96. The company’s 50-day moving average price is $27.61 and its 200-day moving average price is $28.50. The company has a market capitalization of $10.50 billion, a PE ratio of 16.53 and a beta of 1.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.45%. Juniper Networks’s payout ratio is presently 23.39%.
In other news, CEO Rami Rahim sold 16,000 shares of Juniper Networks stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of Juniper Networks stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,044 shares of company stock worth $974,774. Insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in JNPR. Creative Planning boosted its position in shares of Juniper Networks by 0.4% during the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Juniper Networks by 4.3% during the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares in the last quarter. Petrus Trust Company LTA bought a new position in shares of Juniper Networks during the second quarter worth $204,000. Menta Capital LLC bought a new position in shares of Juniper Networks during the first quarter worth $205,000. Finally, River Wealth Advisors LLC bought a new position in shares of Juniper Networks during the second quarter worth $206,000. 90.14% of the stock is currently owned by institutional investors.
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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