$0.22 Earnings Per Share Expected for Juniper Networks, Inc. (JNPR) This Quarter

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

According to Zacks, 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 report earnings of $2.01 per share, with EPS estimates ranging from $1.80 to $2.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Juniper Networks.

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

Several brokerages have recently weighed in on JNPR. Piper Jaffray Companies set a $27.00 target price on Juniper Networks and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded Juniper Networks from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. ValuEngine downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Wolfe Research downgraded Juniper Networks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 30th. Finally, Royal Bank of Canada decreased their target price on Juniper Networks to $26.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 30th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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 were exchanged, compared to its average volume of 3,784,201. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.49 and a quick ratio of 2.49. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.74 and a beta of 0.84. Juniper Networks has a fifty-two week low of $23.61 and a fifty-two week high of $30.80.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Juniper Networks’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 28th. Juniper Networks’s payout ratio is 55.88%.

In other news, EVP Bikash Koley sold 2,232 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 56,739 shares of the company’s stock, valued at $1,534,789.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 10,700 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was 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. Over the last three months, insiders sold 27,033 shares of company stock valued at $698,957. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mondrian Capital Management LLC bought a new position in Juniper Networks during the 4th quarter valued at $27,000. Covington Capital Management bought a new position in Juniper Networks in the 4th quarter valued at approximately $31,000. Bremer Trust National Association bought a new position in Juniper Networks in the 4th quarter valued at approximately $41,000. Financial Gravity Companies Inc. bought a new position in Juniper Networks in the 4th quarter valued at approximately $47,000. Finally, CKW Financial Group lifted its stake in Juniper Networks by 33.3% in the 4th quarter. CKW Financial Group now owns 2,000 shares of the network equipment provider’s stock valued at $54,000 after purchasing an additional 500 shares during the last quarter. 89.72% of the stock is owned by institutional investors.

About Juniper Networks

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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