J2 Global (NASDAQ:JCOM) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.16-6.46 for the period, compared to the Thomson Reuters consensus estimate of $6.26. The company issued revenue guidance of $1.20-1.25 billion, compared to the consensus revenue estimate of $1.21 billion.
Shares of NASDAQ:JCOM traded up $5.40 during midday trading on Tuesday, reaching $74.86. The company’s stock had a trading volume of 46,227 shares, compared to its average volume of 408,295. The company has a market cap of $3.53 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.98. J2 Global has a 1 year low of $69.09 and a 1 year high of $91.58.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Monday, November 5th. The technology company reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.12. J2 Global had a return on equity of 26.39% and a net margin of 11.19%. Sell-side analysts expect that J2 Global will post 5.79 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. BidaskClub cut J2 Global from a strong-buy rating to a buy rating in a report on Saturday, July 14th. Robert W. Baird reiterated a buy rating and issued a $92.00 target price on shares of J2 Global in a report on Monday, August 13th. ValuEngine cut J2 Global from a hold rating to a sell rating in a report on Tuesday. Wedbush assumed coverage on J2 Global in a report on Thursday, October 18th. They issued an outperform rating and a $95.00 target price on the stock. Finally, Citigroup reduced their target price on J2 Global from $88.00 to $86.00 and set a neutral rating on the stock in a report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $93.25.
In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $72.55, for a total transaction of $217,650.00. Following the transaction, the chief executive officer now owns 717,830 shares in the company, valued at $52,078,566.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeremy Rossen sold 2,457 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $81.17, for a total value of $199,434.69. Following the transaction, the vice president now owns 30,715 shares in the company, valued at approximately $2,493,136.55. The disclosure for this sale can be found here. Insiders sold 12,509 shares of company stock worth $996,327 in the last quarter. 5.97% of the stock is owned by insiders.
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About J2 Global
j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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