Zacks: Analysts Anticipate Juniper Networks, Inc. (JNPR) Will Announce Earnings of $0.43 Per Share

Brokerages expect Juniper Networks, Inc. (NYSE:JNPR) to post earnings per share of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Juniper Networks’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.42. Juniper Networks posted earnings per share of $0.57 during the same quarter last year, which would suggest a negative year-over-year growth rate of 24.6%. The business is scheduled to report its next earnings results on Tuesday, July 24th.

According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.91. For the next year, analysts anticipate that the company will report earnings of $2.08 per share, with EPS estimates ranging from $1.85 to $2.34. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, May 1st. The network equipment provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Juniper Networks had a return on equity of 11.85% and a net margin of 4.92%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue was down 11.3% compared to the same quarter last year.



JNPR has been the topic of a number of research reports. Zacks Investment Research raised shares of Juniper Networks from a “strong sell” rating to a “hold” rating in a report on Friday, May 18th. Credit Suisse Group set a $21.00 price target on shares of Juniper Networks and gave the stock a “sell” rating in a report on Thursday, May 17th. Rosenblatt Securities initiated coverage on shares of Juniper Networks in a report on Tuesday, May 8th. They issued a “neutral” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Juniper Networks in a report on Thursday, May 3rd. They issued an “underweight” rating and a $24.00 price target on the stock. Finally, BMO Capital Markets lifted 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, May 2nd. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $27.89.

Shares of NYSE JNPR traded down $0.17 during midday trading on Thursday, reaching $27.75. The company’s stock had a trading volume of 345,776 shares, compared to its average volume of 4,970,823. Juniper Networks has a 12-month low of $23.61 and a 12-month high of $30.29. The company has a market capitalization of $9.70 billion, a PE ratio of 16.05, a PEG ratio of 4.17 and a beta of 0.99. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.41.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 1st will be given a $0.18 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.72 annualized dividend and a yield of 2.59%. Juniper Networks’s dividend payout ratio (DPR) is presently 41.62%.

In other Juniper Networks news, VP Terrance F. Spidell sold 2,590 shares of the company’s stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $25.88, for a total transaction of $67,029.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rami Rahim sold 4,400 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $26.02, for a total transaction of $114,488.00. The disclosure for this sale can be found here. Insiders sold 29,333 shares of company stock valued at $769,483 over the last quarter. 1.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC boosted its holdings in shares of Juniper Networks by 5.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 49,698 shares of the network equipment provider’s stock worth $1,416,000 after purchasing an additional 2,524 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Juniper Networks by 11.1% during the fourth quarter. Victory Capital Management Inc. now owns 80,002 shares of the network equipment provider’s stock worth $2,280,000 after purchasing an additional 7,966 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Juniper Networks by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 71,277 shares of the network equipment provider’s stock worth $2,031,000 after purchasing an additional 2,382 shares during the period. American Century Companies Inc. purchased a new stake in shares of Juniper Networks during the fourth quarter worth about $3,048,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Juniper Networks by 489.9% during the fourth quarter. Teacher Retirement System of Texas now owns 145,605 shares of the network equipment provider’s stock worth $4,150,000 after purchasing an additional 120,921 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

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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