Equities analysts expect that Juniper Networks, Inc. (NYSE:JNPR) will report $0.46 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have issued estimates for Juniper Networks’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.49. Juniper Networks posted earnings of $0.54 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.8%. The firm is expected to issue its next earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.65 to $1.74. For the next year, analysts anticipate that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.70 to $2.15. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company posted $0.48 EPS. Juniper Networks’s quarterly revenue was down 8.4% compared to the same quarter last year.

Several brokerages recently weighed in on JNPR. Raymond James set a $30.00 target price on Juniper Networks and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays initiated coverage on Juniper Networks in a research report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $28.00 to $24.00 in a research report on Monday, July 8th. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th. Finally, Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $24.00 to $27.00 in a research note on Wednesday, June 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.57.

In other news, Director Rahul N. Merchant sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total transaction of $67,650.00. Following the completion of the transaction, the director now directly owns 37,370 shares in the company, valued at $1,011,232.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Manoj Leelanivas sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total value of $241,200.00. Following the transaction, the executive vice president now owns 18,641 shares of the company’s stock, valued at $499,578.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,500 shares of company stock valued at $497,990. 1.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JNPR. Geode Capital Management LLC boosted its stake in Juniper Networks by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock worth $161,957,000 after buying an additional 444,273 shares during the last quarter. Washington Trust Bank purchased a new stake in Juniper Networks in the first quarter valued at $320,000. State of Alaska Department of Revenue raised its position in Juniper Networks by 17.1% in the first quarter. State of Alaska Department of Revenue now owns 109,889 shares of the network equipment provider’s stock valued at $2,907,000 after purchasing an additional 16,028 shares during the period. Pacer Advisors Inc. raised its position in Juniper Networks by 110.1% in the first quarter. Pacer Advisors Inc. now owns 71,262 shares of the network equipment provider’s stock valued at $1,886,000 after purchasing an additional 37,345 shares during the period. Finally, NuWave Investment Management LLC raised its position in Juniper Networks by 659.6% in the first quarter. NuWave Investment Management LLC now owns 18,503 shares of the network equipment provider’s stock valued at $490,000 after purchasing an additional 16,067 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.

Shares of JNPR stock traded down $0.77 during mid-day trading on Thursday, hitting $23.45. 4,250,152 shares of the company’s stock were exchanged, compared to its average volume of 3,427,972. Juniper Networks has a fifty-two week low of $23.34 and a fifty-two week high of $30.80. The company has a 50-day simple moving average of $26.51. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.68 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 3.21 and a beta of 0.92.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.24%. Juniper Networks’s payout ratio is currently 55.88%.

Juniper Networks Company Profile

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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