News headlines about J2 Global (NASDAQ:JCOM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. J2 Global earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.0055602779484 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
A number of analysts have commented on JCOM shares. Robert W. Baird increased their price target on shares of J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. DA Davidson started coverage on shares of J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 price target for the company. William Blair reiterated an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of J2 Global from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, BidaskClub cut shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $99.50.
Shares of J2 Global (JCOM) traded up $1.99 during mid-day trading on Wednesday, reaching $76.32. 342,177 shares of the company’s stock were exchanged, compared to its average volume of 346,283. The firm has a market capitalization of $3,546.92, a PE ratio of 26.97, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a current ratio of 2.34, a quick ratio of 2.79 and a debt-to-equity ratio of 0.98. J2 Global has a 12-month low of $70.27 and a 12-month high of $91.48.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.09. The company had revenue of $316.38 million for the quarter, compared to analyst estimates of $319.00 million. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share. research analysts expect that J2 Global will post 5.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be given a $0.405 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a dividend yield of 2.12%. J2 Global’s dividend payout ratio is presently 55.83%.
In other news, CEO Vivek Shah sold 3,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total value of $232,890.00. Following the transaction, the chief executive officer now directly owns 748,232 shares of the company’s stock, valued at $58,085,250.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.15% of the stock is owned by corporate insiders.
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About J2 Global
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).
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