Equities research analysts expect that J2 Global Inc (NASDAQ:JCOM) will announce $343.86 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for J2 Global’s earnings, with the lowest sales estimate coming in at $339.69 million and the highest estimate coming in at $346.05 million. J2 Global reported sales of $316.38 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The firm is expected to announce its next earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that J2 Global will report full-year sales of $1.21 billion for the current financial year, with estimates ranging from $1.20 billion to $1.21 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.29 billion, with estimates ranging from $1.26 billion to $1.31 billion. Zacks’ sales averages are an average based on a survey of research firms that cover J2 Global.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Monday, November 5th. The technology company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. The company had revenue of $292.72 million during the quarter, compared to analysts’ expectations of $295.19 million. J2 Global had a return on equity of 26.70% and a net margin of 10.86%.
Several research analysts recently weighed in on JCOM shares. Wedbush reiterated a “buy” rating and set a $95.00 price target on shares of J2 Global in a research report on Tuesday, November 6th. Robert W. Baird reiterated a “buy” rating and set a $92.00 price target on shares of J2 Global in a research report on Monday, August 13th. BidaskClub cut J2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research reiterated a “hold” rating on shares of J2 Global in a research report on Tuesday, November 13th. Finally, Citigroup reduced their price target on J2 Global from $88.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. J2 Global presently has an average rating of “Hold” and an average price target of $93.25.
In other J2 Global news, insider Steve P. Dunn sold 1,052 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $83.90, for a total value of $88,262.80. Following the sale, the insider now directly owns 18,416 shares of the company’s stock, valued at $1,545,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $71.90, for a total value of $215,700.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,052 shares of company stock worth $768,303. 5.15% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. First Midwest Bank Trust Division grew its holdings in J2 Global by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 5,160 shares of the technology company’s stock valued at $447,000 after purchasing an additional 601 shares during the period. Colony Group LLC grew its holdings in J2 Global by 2.7% in the second quarter. Colony Group LLC now owns 23,890 shares of the technology company’s stock valued at $2,069,000 after purchasing an additional 630 shares during the period. Rhumbline Advisers grew its holdings in J2 Global by 0.5% in the second quarter. Rhumbline Advisers now owns 123,701 shares of the technology company’s stock valued at $10,714,000 after purchasing an additional 675 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in J2 Global by 4.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 19,382 shares of the technology company’s stock valued at $1,606,000 after purchasing an additional 746 shares during the period. Finally, Foster & Motley Inc. grew its holdings in J2 Global by 4.3% in the third quarter. Foster & Motley Inc. now owns 18,494 shares of the technology company’s stock valued at $1,532,000 after purchasing an additional 768 shares during the period. 98.54% of the stock is currently owned by institutional investors.
JCOM stock traded up $0.71 during trading on Friday, hitting $71.80. 287,121 shares of the company traded hands, compared to its average volume of 438,155. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.97. The stock has a market cap of $3.50 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.53 and a beta of 0.94. J2 Global has a 1 year low of $69.09 and a 1 year high of $91.58.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be given a dividend of $0.435 per share. This is a boost from J2 Global’s previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, November 16th. J2 Global’s dividend payout ratio (DPR) is currently 32.16%.
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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