Analysts Anticipate Cisco Systems, Inc. (CSCO) to Post $0.59 EPS

Equities analysts forecast that Cisco Systems, Inc. (NASDAQ:CSCO) will report earnings per share of $0.59 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Cisco Systems’ earnings. The highest EPS estimate is $0.61 and the lowest is $0.58. Cisco Systems reported earnings per share of $0.57 during the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The company is expected to issue its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Cisco Systems will report full year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.50. For the next year, analysts expect that the firm will report earnings of $2.58 per share, with EPS estimates ranging from $2.48 to $2.72. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Cisco Systems.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share.

Several equities analysts have recently commented on the stock. BMO Capital Markets restated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Thursday, September 28th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price target for the company. in a research report on Monday, September 25th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, September 19th. Stifel Nicolaus restated a “hold” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Thursday, December 14th. Finally, Credit Suisse Group restated a “hold” rating and set a $35.00 price target on shares of Cisco Systems in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $37.10.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now directly owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the sale, the senior vice president now directly owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock valued at $12,892,271 over the last three months. 0.05% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Richard Bernstein Advisors LLC increased its holdings in shares of Cisco Systems by 21.2% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock valued at $8,434,000 after purchasing an additional 47,211 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Cisco Systems by 10.4% in the second quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock worth $4,789,000 after buying an additional 14,395 shares during the last quarter. Eads & Heald Investment Counsel increased its holdings in Cisco Systems by 15.7% in the second quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock worth $1,329,000 after buying an additional 5,765 shares during the last quarter. Washington Trust Bank increased its holdings in Cisco Systems by 2.5% in the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock worth $3,542,000 after buying an additional 2,726 shares during the last quarter. Finally, Holderness Investments Co. increased its holdings in Cisco Systems by 12.1% in the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock worth $2,256,000 after buying an additional 7,186 shares during the last quarter. 75.55% of the stock is owned by institutional investors.

Cisco Systems (NASDAQ CSCO) traded up $0.02 during trading on Friday, hitting $38.55. 11,120,656 shares of the stock traded hands, compared to its average volume of 22,353,582. The company has a market capitalization of $190,477.75, a price-to-earnings ratio of 19.97, a P/E/G ratio of 3.48 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. Cisco Systems has a fifty-two week low of $29.80 and a fifty-two week high of $38.99.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s payout ratio is 60.10%.

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About Cisco Systems

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).

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