Wall Street brokerages expect J2 Global Inc (NASDAQ:JCOM) to announce earnings of $1.52 per share for the current quarter, according to Zacks. Four analysts have made estimates for J2 Global’s earnings. The lowest EPS estimate is $1.43 and the highest is $1.57. J2 Global reported earnings of $1.50 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The firm is expected to report its next earnings report on Thursday, August 8th.
On average, analysts expect that J2 Global will report full-year earnings of $7.05 per share for the current financial year, with EPS estimates ranging from $7.03 to $7.06. For the next financial year, analysts expect that the company will post earnings of $7.54 per share, with EPS estimates ranging from $7.10 to $7.91. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover J2 Global.
J2 Global (NASDAQ:JCOM) last posted its earnings results on Tuesday, May 7th. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.14. The company had revenue of $299.90 million for the quarter, compared to analyst estimates of $296.12 million. J2 Global had a net margin of 11.60% and a return on equity of 28.93%. J2 Global’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. DA Davidson set a $110.00 target price on shares of J2 Global and gave the company a “buy” rating in a report on Monday, April 22nd. Citigroup boosted their target price on shares of J2 Global from $86.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Wedbush boosted their target price on shares of J2 Global from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. J2 Global presently has an average rating of “Buy” and an average price target of $100.20.
In other news, insider Steve P. Dunn sold 3,263 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $87.00, for a total value of $283,881.00. Following the transaction, the insider now directly owns 19,544 shares in the company, valued at approximately $1,700,328. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO R Scott Turicchi sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $86.67, for a total transaction of $866,700.00. Following the completion of the transaction, the chief financial officer now owns 293,139 shares in the company, valued at $25,406,357.13. The disclosure for this sale can be found here. Insiders sold a total of 21,102 shares of company stock worth $1,830,912 over the last quarter. 5.90% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of J2 Global by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 4,341,776 shares of the technology company’s stock worth $359,716,000 after acquiring an additional 78,738 shares during the last quarter. Jackson Square Partners LLC lifted its holdings in shares of J2 Global by 6.8% in the 1st quarter. Jackson Square Partners LLC now owns 2,142,188 shares of the technology company’s stock worth $185,513,000 after acquiring an additional 135,857 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in J2 Global by 9.5% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 1,376,635 shares of the technology company’s stock worth $119,217,000 after buying an additional 119,373 shares during the period. Macquarie Group Ltd. increased its stake in J2 Global by 4.9% during the 1st quarter. Macquarie Group Ltd. now owns 1,339,768 shares of the technology company’s stock worth $116,024,000 after buying an additional 61,978 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in J2 Global by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 949,288 shares of the technology company’s stock worth $82,208,000 after buying an additional 6,722 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.
NASDAQ:JCOM traded down $0.04 on Monday, hitting $86.61. The stock had a trading volume of 192,378 shares, compared to its average volume of 342,266. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.63 and a beta of 0.86. J2 Global has a 1-year low of $65.07 and a 1-year high of $91.58.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.10%. This is a positive change from J2 Global’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, May 17th. J2 Global’s payout ratio is presently 30.74%.
J2 Global Company Profile
j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
Recommended Story: What are catch-up contributions?
Get a free copy of the Zacks research report on J2 Global (JCOM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for J2 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J2 Global and related companies with MarketBeat.com's FREE daily email newsletter.