Brokerages predict that Cisco Systems, Inc. (NASDAQ:CSCO) will post $0.55 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Cisco Systems’ earnings. The lowest EPS estimate is $0.54 and the highest is $0.56. Cisco Systems posted earnings of $0.58 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 5.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, August 16th.

According to Zacks, analysts expect that Cisco Systems will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.17. For the next fiscal year, analysts forecast that the company will post earnings of $2.21 per share, with EPS estimates ranging from $2.13 to $2.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The business had revenue of $11.94 billion for the quarter, compared to the consensus estimate of $11.90 billion. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share.

Several brokerages have weighed in on CSCO. Berenberg Bank set a $33.00 price objective on Cisco Systems and gave the company a “hold” rating in a research note on Saturday. William Blair restated an “outperform” rating on shares of Cisco Systems in a research note on Monday. Sanford C. Bernstein set a $38.00 price objective on Cisco Systems and gave the company a “buy” rating in a research note on Saturday. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $36.00 price objective on shares of Cisco Systems in a research note on Monday, June 26th. Finally, BidaskClub upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.32.

In other Cisco Systems news, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the completion of the sale, the senior vice president now owns 178,577 shares in the company, valued at $5,587,674.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total value of $2,943,956.40. Following the completion of the sale, the senior vice president now owns 271,725 shares of the company’s stock, valued at approximately $8,616,399.75. The disclosure for this sale can be found here. Insiders sold a total of 396,179 shares of company stock valued at $12,503,407 in the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in CSCO. Honkamp Krueger Financial Services Inc. ADV bought a new stake in shares of Cisco Systems during the fourth quarter valued at $1,245,000. Stockman Wealth Management Inc. increased its stake in shares of Cisco Systems by 2.5% in the fourth quarter. Stockman Wealth Management Inc. now owns 120,722 shares of the network equipment provider’s stock valued at $3,648,000 after buying an additional 2,900 shares during the last quarter. Abbrea Capital LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at $1,211,000. Van ECK Associates Corp increased its stake in shares of Cisco Systems by 7.1% in the fourth quarter. Van ECK Associates Corp now owns 61,753 shares of the network equipment provider’s stock valued at $1,866,000 after buying an additional 4,091 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Cisco Systems by 13.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 918,927 shares of the network equipment provider’s stock valued at $27,770,000 after buying an additional 107,324 shares during the last quarter. Hedge funds and other institutional investors own 75.37% of the company’s stock.

Shares of Cisco Systems (NASDAQ:CSCO) traded up 0.10% during trading on Tuesday, reaching $31.33. 14,112,089 shares of the company were exchanged. The firm’s 50 day moving average price is $31.99 and its 200 day moving average price is $32.31. The company has a market capitalization of $156.65 billion, a PE ratio of 15.90 and a beta of 1.24. Cisco Systems has a one year low of $28.17 and a one year high of $34.60.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Friday, July 7th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.16 dividend on an annualized basis and a yield of 3.70%. Cisco Systems’s payout ratio is 58.29%.

ILLEGAL ACTIVITY NOTICE: This article was published by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/07/04/brokerages-anticipate-cisco-systems-inc-csco-to-post-0-55-earnings-per-share.html.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Get a free copy of the Zacks research report on Cisco Systems (CSCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.