Wall Street brokerages predict that J2 Global Inc (NASDAQ:JCOM) will report sales of $274.66 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for J2 Global’s earnings. The highest sales estimate is $278.20 million and the lowest is $271.60 million. J2 Global posted sales of $254.67 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The company is scheduled to report its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that J2 Global will report full-year sales of $274.66 million for the current fiscal year, with estimates ranging from $1.22 billion to $1.23 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.28 billion per share, with estimates ranging from $1.26 billion to $1.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for J2 Global.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.09. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $319.00 million. During the same period last year, the company earned $1.49 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis.
JCOM has been the subject of a number of analyst reports. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research lowered J2 Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 12th. DA Davidson initiated coverage on J2 Global in a report on Friday, February 2nd. They issued a “buy” rating and a $95.00 price target for the company. Robert W. Baird raised their price target on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, ValuEngine lowered J2 Global from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. J2 Global has a consensus rating of “Buy” and an average price target of $99.50.
In related news, CEO Vivek Shah sold 3,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $76.59, for a total value of $229,770.00. Following the sale, the chief executive officer now owns 745,232 shares in the company, valued at $57,077,318.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider R Scott Turicchi sold 20,663 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $84.65, for a total value of $1,749,122.95. Following the completion of the sale, the insider now owns 246,395 shares in the company, valued at approximately $20,857,336.75. The disclosure for this sale can be found here. Insiders sold 26,663 shares of company stock worth $2,211,783 in the last quarter. 5.15% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of JCOM. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of J2 Global in the third quarter worth $250,000. Crossmark Global Holdings Inc. purchased a new stake in J2 Global during the third quarter valued at about $326,000. Stevens Capital Management LP raised its position in J2 Global by 90.3% during the third quarter. Stevens Capital Management LP now owns 15,164 shares of the technology company’s stock valued at $1,120,000 after purchasing an additional 7,194 shares in the last quarter. Bessemer Group Inc. raised its position in J2 Global by 18.2% during the third quarter. Bessemer Group Inc. now owns 48,867 shares of the technology company’s stock valued at $3,610,000 after purchasing an additional 7,523 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in J2 Global by 8.6% during the third quarter. Retirement Systems of Alabama now owns 129,867 shares of the technology company’s stock valued at $9,595,000 after purchasing an additional 10,238 shares in the last quarter.
J2 Global (NASDAQ JCOM) traded up $1.09 during trading on Tuesday, hitting $83.99. The stock had a trading volume of 188,211 shares, compared to its average volume of 339,904. J2 Global has a 52-week low of $70.27 and a 52-week high of $91.48. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $4,081.31, a price-to-earnings ratio of 29.29, a P/E/G ratio of 1.87 and a beta of 0.94.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 22nd were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, February 21st. This is an increase from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s dividend payout ratio (DPR) is 57.24%.
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J2 Global Company Profile
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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