Brokerages Anticipate Cisco Systems, Inc. (NASDAQ:CSCO) Will Announce Earnings of $0.82 Per Share

Brokerages forecast that Cisco Systems, Inc. (NASDAQ:CSCO) will post earnings per share of $0.82 for the current quarter, according to Zacks. Nine analysts have issued estimates for Cisco Systems’ earnings. The highest EPS estimate is $0.83 and the lowest is $0.81. Cisco Systems posted earnings per share of $0.70 during the same quarter last year, which indicates a positive year over year growth rate of 17.1%. The company is expected to report its next earnings report after the market closes on Wednesday, August 14th.

According to Zacks, analysts expect that Cisco Systems will report full year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $3.07 to $3.11. For the next fiscal year, analysts expect that the firm will post earnings of $3.43 per share, with EPS estimates ranging from $3.26 to $3.51. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $12.89 billion. During the same period last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis.

A number of brokerages have issued reports on CSCO. Goldman Sachs Group raised their price objective on shares of MEG Energy from C$6.00 to C$7.00 in a research note on Tuesday, April 16th. BidaskClub cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. began coverage on shares of SEA in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $36.00 price objective on the stock. Tigress Financial reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Thursday, June 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.30.

CSCO stock traded down $0.38 during midday trading on Monday, reaching $57.36. The company’s stock had a trading volume of 13,881,477 shares, compared to its average volume of 22,424,982. Cisco Systems has a 52 week low of $40.25 and a 52 week high of $58.26. The stock has a market capitalization of $247.17 billion, a PE ratio of 24.51, a PEG ratio of 2.95 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.69. The stock’s 50-day moving average price is $55.92.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.44%. Cisco Systems’s dividend payout ratio is 59.83%.

In related news, EVP Mark D. Chandler sold 3,750 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $55.79, for a total value of $209,212.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $53.56, for a total transaction of $3,749,200.00. Following the completion of the sale, the chief financial officer now directly owns 349,122 shares in the company, valued at $18,698,974.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,129 shares of company stock worth $5,159,754. Insiders own 0.03% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truewealth LLC lifted its position in Cisco Systems by 6.7% in the 4th quarter. Truewealth LLC now owns 14,170 shares of the network equipment provider’s stock valued at $614,000 after acquiring an additional 890 shares in the last quarter. Lynch & Associates IN lifted its position in Cisco Systems by 1.1% in the 4th quarter. Lynch & Associates IN now owns 143,122 shares of the network equipment provider’s stock valued at $6,201,000 after acquiring an additional 1,544 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Cisco Systems by 107.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 407,383 shares of the network equipment provider’s stock valued at $17,651,000 after acquiring an additional 210,659 shares in the last quarter. Eastern Bank lifted its position in Cisco Systems by 0.3% in the 4th quarter. Eastern Bank now owns 112,876 shares of the network equipment provider’s stock valued at $4,892,000 after acquiring an additional 354 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in Cisco Systems by 12.7% in the 4th quarter. IHT Wealth Management LLC now owns 28,846 shares of the network equipment provider’s stock valued at $1,250,000 after acquiring an additional 3,240 shares in the last quarter. 74.47% of the stock is currently owned by institutional investors and hedge funds.

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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