Juniper Networks, Inc. (NYSE:JNPR) Expected to Post Earnings of $0.46 Per Share

Wall Street analysts expect Juniper Networks, Inc. (NYSE:JNPR) to report earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Juniper Networks’ earnings, with estimates ranging from $0.45 to $0.46. Juniper Networks posted earnings of $0.43 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, October 26th.

According to Zacks, analysts expect that Juniper Networks will report full year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.75. For the next financial year, analysts forecast that the company will post earnings of $1.92 per share, with EPS estimates ranging from $1.76 to $2.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 27th. The network equipment provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. Juniper Networks had a net margin of 4.49% and a return on equity of 8.78%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year.

Several brokerages recently commented on JNPR. Wolfe Research raised shares of Juniper Networks from a “peer perform” rating to an “outperform” rating and increased their price objective for the company from $26.00 to $34.00 in a research report on Wednesday, July 14th. Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Wednesday, September 29th. Raymond James increased their price target on shares of Juniper Networks from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Wells Fargo & Company raised their price objective on shares of Juniper Networks from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 19th. Finally, Needham & Company LLC started coverage on shares of Juniper Networks in a research note on Wednesday, July 28th. They set a “buy” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of NYSE JNPR traded up $0.59 during mid-day trading on Friday, reaching $28.88. The company had a trading volume of 25,202 shares, compared to its average volume of 3,743,117. The company has a current ratio of 1.56, a quick ratio of 1.44 and a debt-to-equity ratio of 0.39. Juniper Networks has a 52 week low of $19.51 and a 52 week high of $29.77. The business’s 50-day moving average is $28.48 and its 200-day moving average is $27.40. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 1.96 and a beta of 0.83.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. Juniper Networks’s dividend payout ratio is presently 75.47%.

In related news, Director William Stensrud sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $28.31, for a total value of $283,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 5,565 shares of the business’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $28.14, for a total transaction of $156,599.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,120 shares of company stock worth $599,017. Insiders own 1.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in JNPR. Concord Wealth Partners purchased a new stake in Juniper Networks in the first quarter valued at approximately $29,000. Van ECK Associates Corp grew its holdings in Juniper Networks by 140.8% in the second quarter. Van ECK Associates Corp now owns 1,370 shares of the network equipment provider’s stock valued at $37,000 after purchasing an additional 801 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Juniper Networks in the second quarter valued at $39,000. Berman Capital Advisors LLC grew its holdings in Juniper Networks by 43.6% in the second quarter. Berman Capital Advisors LLC now owns 2,253 shares of the network equipment provider’s stock valued at $61,000 after purchasing an additional 684 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Juniper Networks by 135.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,300 shares of the network equipment provider’s stock valued at $90,000 after purchasing an additional 1,900 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

About Juniper Networks

Juniper Networks, Inc engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S.

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

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