Brokerages Anticipate Cisco Systems, Inc. (CSCO) Will Announce Earnings of $0.65 Per Share

Equities analysts forecast that Cisco Systems, Inc. (NASDAQ:CSCO) will post $0.65 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Cisco Systems’ earnings. The lowest EPS estimate is $0.64 and the highest is $0.67. Cisco Systems reported earnings of $0.60 per share in the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The company is expected to issue its next quarterly earnings results on Wednesday, May 16th.

On average, analysts expect that Cisco Systems will report full-year earnings of $2.57 per share for the current year, with EPS estimates ranging from $2.51 to $2.60. For the next fiscal year, analysts expect that the business will report earnings of $2.83 per share, with EPS estimates ranging from $2.67 to $3.05. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Cisco Systems.

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Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion. Cisco Systems had a positive return on equity of 17.77% and a negative net margin of 3.00%. During the same period last year, the company earned $0.57 earnings per share.

A number of research analysts recently issued reports on CSCO shares. Barclays increased their price objective on Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Zacks Investment Research downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Vetr upgraded Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 price objective for the company in a report on Wednesday, December 27th. Argus reiterated a “buy” rating and set a $50.00 price objective (up from $44.00) on shares of Cisco Systems in a report on Friday, February 16th. Finally, Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $38.99 to $46.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.21.

In related news, Director Arun Sarin sold 14,189 shares of Cisco Systems stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $44.10, for a total transaction of $625,734.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director M Michele Burns sold 12,126 shares of Cisco Systems stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $45.37, for a total value of $550,156.62. Following the sale, the director now directly owns 74,479 shares of the company’s stock, valued at $3,379,112.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,986 shares of company stock valued at $2,116,422. 0.05% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. bought a new position in Cisco Systems during the 2nd quarter worth $1,030,000. Bristol Gate Capital Partners Inc. increased its stake in Cisco Systems by 11.9% during the 2nd quarter. Bristol Gate Capital Partners Inc. now owns 952,632 shares of the network equipment provider’s stock worth $29,817,000 after acquiring an additional 101,469 shares during the period. Richard Bernstein Advisors LLC increased its stake in Cisco Systems by 21.2% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock worth $8,434,000 after acquiring an additional 47,211 shares during the period. Marshall Wace North America L.P. bought a new position in Cisco Systems during the 2nd quarter worth $5,168,000. Finally, Wayne Hummer Investments L.L.C. increased its stake in Cisco Systems by 7.9% during the 2nd quarter. Wayne Hummer Investments L.L.C. now owns 15,644 shares of the network equipment provider’s stock worth $490,000 after acquiring an additional 1,150 shares during the period. 77.56% of the stock is owned by institutional investors and hedge funds.

Cisco Systems stock traded up $1.64 during trading hours on Monday, hitting $44.06. The company had a trading volume of 28,997,209 shares, compared to its average volume of 29,017,191. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43. The company has a market capitalization of $204,359.11, a P/E ratio of -137.69, a PEG ratio of 2.84 and a beta of 1.10. Cisco Systems has a fifty-two week low of $30.36 and a fifty-two week high of $46.16.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, April 5th will be issued a dividend of $0.33 per share. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, April 4th. Cisco Systems’s dividend payout ratio (DPR) is presently -362.50%.

Cisco Systems announced that its board has authorized a stock buyback program on Wednesday, February 14th that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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