$0.43 EPS Expected for Juniper Networks (JNPR) This Quarter

Wall Street analysts expect Juniper Networks (NYSE:JNPR) to announce earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Juniper Networks’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.36. Juniper Networks reported earnings per share of $0.57 during the same quarter last year, which suggests a negative year over year growth rate of 24.6%. The company is scheduled to report its next earnings report on Tuesday, July 24th.

On average, analysts expect that Juniper Networks will report full year earnings of $1.79 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.91. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.06 per share, with EPS estimates ranging from $1.75 to $2.34. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Juniper Networks.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, May 1st. The network equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Juniper Networks had a net margin of 4.92% and a return on equity of 11.85%. The company’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS.

Several analysts have issued reports on the stock. Loop Capital lowered their price objective on shares of Juniper Networks to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Juniper Networks in a research report on Wednesday, January 31st. ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays lowered their price objective on shares of Juniper Networks from $25.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, January 31st. Finally, Credit Suisse Group assumed coverage on shares of Juniper Networks in a research report on Wednesday, May 9th. They issued an “underperform” rating and a $21.00 price objective for the company. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have issued a buy rating to the company’s stock. Juniper Networks has a consensus rating of “Hold” and an average target price of $28.12.

JNPR traded down $0.05 on Friday, reaching $26.78. 262,092 shares of the company’s stock were exchanged, compared to its average volume of 4,729,916. The company has a market cap of $9.34 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 4.02 and a beta of 0.98. Juniper Networks has a twelve month low of $26.70 and a twelve month high of $26.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 2.14.

Juniper Networks declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 30th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, May 31st. Juniper Networks’s dividend payout ratio (DPR) is presently 41.62%.

In related news, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.47, for a total transaction of $222,586.23. Following the transaction, the vice president now directly owns 3,944 shares in the company, valued at $104,397.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 10,800 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $26.27, for a total value of $283,716.00. The disclosure for this sale can be found here. Insiders have sold 65,246 shares of company stock worth $1,708,424 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp lifted its stake in Juniper Networks by 27.1% in the fourth quarter. Synovus Financial Corp now owns 9,979 shares of the network equipment provider’s stock valued at $286,000 after buying an additional 2,126 shares during the last quarter. BKD Wealth Advisors LLC lifted its stake in Juniper Networks by 17.2% in the fourth quarter. BKD Wealth Advisors LLC now owns 15,553 shares of the network equipment provider’s stock valued at $443,000 after buying an additional 2,287 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Juniper Networks by 3.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 71,277 shares of the network equipment provider’s stock valued at $2,031,000 after buying an additional 2,382 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Juniper Networks by 5.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 49,698 shares of the network equipment provider’s stock valued at $1,416,000 after buying an additional 2,524 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Juniper Networks by 21.0% in the fourth quarter. IFP Advisors Inc now owns 15,688 shares of the network equipment provider’s stock valued at $447,000 after buying an additional 2,726 shares during the last quarter. Hedge funds and other institutional investors own 93.90% 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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