Juniper Networks, Inc. (NYSE:JNPR) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.20 per share by the network equipment provider on Tuesday, September 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, August 31st.
Juniper Networks has raised its dividend payment by an average of 90.0% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Juniper Networks has a dividend payout ratio of 52.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Juniper Networks to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 61.5%.
NYSE JNPR traded down $0.26 during trading hours on Thursday, hitting $24.73. 28,537 shares of the company’s stock were exchanged, compared to its average volume of 2,799,689. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market capitalization of $8.19 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.74 and a beta of 0.96. The business’s 50 day moving average is $23.32 and its 200-day moving average is $22.77. Juniper Networks has a 12-month low of $15.20 and a 12-month high of $27.32.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 28th. The network equipment provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Juniper Networks had a net margin of 7.89% and a return on equity of 8.67%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $0.40 EPS. The company’s revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Juniper Networks will post 1.1 EPS for the current fiscal year.
Several analysts have recently issued reports on JNPR shares. Goldman Sachs Group raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $28.00 in a research note on Wednesday, April 29th. Nomura upped their price target on Juniper Networks from $24.00 to $27.00 in a research note on Wednesday, April 29th. Needham & Company LLC reiterated a “buy” rating and set a $27.00 target price on shares of Juniper Networks in a report on Monday, July 20th. Barclays boosted their price objective on Juniper Networks from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Credit Suisse Group raised their price objective on Juniper Networks from $17.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.89.
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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