Equities analysts expect Cisco Systems, Inc. (NASDAQ:CSCO) to post earnings per share (EPS) of $0.82 for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Cisco Systems’ earnings. The lowest EPS estimate is $0.81 and the highest is $0.83. Cisco Systems posted earnings of $0.70 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 21st.
On average, analysts expect that Cisco Systems will report full-year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $3.07 to $3.11. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.43 per share, with EPS estimates ranging from $3.26 to $3.51. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Cisco Systems.
Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Cisco Systems had a net margin of 25.76% and a return on equity of 29.88%. The firm had revenue of $12.96 billion during the quarter, compared to analysts’ expectations of $12.89 billion. During the same period last year, the company posted $0.66 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year.
Several equities research analysts have recently commented on CSCO shares. Oppenheimer raised their target price on shares of Cisco Systems from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. BidaskClub cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 7th. MKM Partners raised their target price on shares of Cisco Systems to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Jefferies Financial Group raised their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $60.00 target price on shares of Cisco Systems in a research report on Wednesday, June 12th. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.13.
In related news, Director Steven M. West sold 20,000 shares of Cisco Systems stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $56.21, for a total transaction of $1,124,200.00. Following the completion of the transaction, the director now directly owns 5,263 shares of the company’s stock, valued at approximately $295,833.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Chandler sold 3,750 shares of Cisco Systems stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $55.79, for a total transaction of $209,212.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,129 shares of company stock valued at $5,159,754. 0.03% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in CSCO. Bank of New York Mellon Corp increased its stake in Cisco Systems by 193,168.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 104,741,949 shares of the network equipment provider’s stock valued at $5,095,693,000 after purchasing an additional 104,687,754 shares in the last quarter. Fisher Asset Management LLC increased its stake in Cisco Systems by 36.0% during the 4th quarter. Fisher Asset Management LLC now owns 27,338,574 shares of the network equipment provider’s stock valued at $1,184,580,000 after purchasing an additional 7,238,755 shares in the last quarter. APG Asset Management N.V. increased its stake in Cisco Systems by 28.5% during the 4th quarter. APG Asset Management N.V. now owns 11,136,836 shares of the network equipment provider’s stock valued at $422,131,000 after purchasing an additional 2,472,300 shares in the last quarter. Man Group plc increased its stake in Cisco Systems by 412.1% during the 3rd quarter. Man Group plc now owns 3,063,334 shares of the network equipment provider’s stock valued at $149,032,000 after purchasing an additional 2,465,161 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Cisco Systems by 4,016.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,901,239 shares of the network equipment provider’s stock valued at $3,057,143,000 after purchasing an additional 1,855,053 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.
Shares of NASDAQ:CSCO traded down $0.57 on Friday, hitting $56.03. The company had a trading volume of 8,026,153 shares, compared to its average volume of 22,136,982. The stock’s 50-day moving average is $54.87. Cisco Systems has a 1 year low of $40.25 and a 1 year high of $58.15. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $242.29 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.86 and a beta of 1.21.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Friday, July 5th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 2.50%. Cisco Systems’s dividend payout ratio (DPR) is currently 59.83%.
About Cisco Systems
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
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