Analysts Anticipate Juniper Networks, Inc. (JNPR) to Post $0.26 Earnings Per Share

Equities research analysts predict that Juniper Networks, Inc. (NYSE:JNPR) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Juniper Networks’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.29. Juniper Networks posted earnings per share of $0.46 during the same quarter last year, which suggests a negative year-over-year growth rate of 43.5%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Juniper Networks will report full year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.94. For the next year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.75 to $2.31. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Juniper Networks.

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Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share.

Several analysts recently commented on the stock. Piper Jaffray restated a “neutral” rating and set a $27.00 price target on shares of Juniper Networks in a research report on Wednesday, January 10th. Loop Capital dropped their price target on shares of Juniper Networks to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Robert W. Baird restated a “hold” rating and set a $26.00 price target on shares of Juniper Networks in a research report on Wednesday, January 31st. Barclays dropped their price target on shares of Juniper Networks from $25.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 31st. Finally, ValuEngine lowered shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.61.

JNPR stock opened at $24.09 on Friday. The firm has a market cap of $8,281.11, a P/E ratio of 13.92, a PEG ratio of 2.81 and a beta of 0.96. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.46. Juniper Networks has a one year low of $23.68 and a one year high of $30.96.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 1st were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 28th. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 dividend on an annualized basis and a yield of 2.99%. Juniper Networks’s payout ratio is presently 41.62%.

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

In other Juniper Networks news, VP Terrance F. Spidell sold 8,409 shares of Juniper Networks stock in a transaction dated Tuesday, February 20th. The shares were 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 of the company’s stock, valued at $104,397.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rami Rahim sold 10,800 shares of Juniper Networks stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $26.27, for a total transaction of $283,716.00. The disclosure for this sale can be found here. Insiders have sold 42,813 shares of company stock worth $1,124,709 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC purchased a new position in Juniper Networks during the fourth quarter worth about $128,000. Exane Derivatives raised its stake in Juniper Networks by 278.1% during the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock worth $161,000 after purchasing an additional 4,143 shares during the period. Balter Liquid Alternatives LLC purchased a new position in Juniper Networks during the fourth quarter worth about $163,000. Wetherby Asset Management Inc. purchased a new position in Juniper Networks during the fourth quarter worth about $209,000. Finally, Fox Run Management L.L.C. purchased a new position in Juniper Networks during the fourth quarter worth about $220,000. 95.45% of the stock is currently owned by institutional investors.

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Juniper Networks Company Profile

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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Earnings History and Estimates for Juniper Networks (NYSE:JNPR)

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