j2 Global Inc. (JCOM) Releases FY14 Earnings Guidance
j2 Global Inc. (NASDAQ:JCOM) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.23-3.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.38, Analyst Ratings News reports. The company issued revenue guidance of $580-600 million, compared to the consensus revenue estimate of $588.54 million.
JCOM has been the subject of a number of recent research reports. Analysts at Sidoti upgraded shares of j2 Global from a neutral rating to a buy rating in a research note on Wednesday, April 16th. Analysts at Zacks upgraded shares of j2 Global from a neutral rating to an outperform rating in a research note on Tuesday, March 11th. They now have a $61.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. j2 Global presently has an average rating of Buy and an average price target of $55.00.
Shares of j2 Global Inc. (NASDAQ:JCOM) traded up 1.71% on Monday, hitting $47.60. The stock had a trading volume of 371,644 shares. j2 Global Inc. has a 52 week low of $39.29 and a 52 week high of $56.24. The stock has a 50-day moving average of $47.54 and a 200-day moving average of $48.09. The company has a market cap of $2.264 billion and a price-to-earnings ratio of 19.59.
j2 Global (NASDAQ:JCOM) last released its earnings data on Thursday, May 8th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.04. The company had revenue of $134.12 million for the quarter, compared to the consensus estimate of $132.06 million. During the same quarter last year, the company posted $0.58 earnings per share. j2 Global’s revenue was up 18.0% compared to the same quarter last year. Analysts expect that j2 Global Inc. will post $3.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from j2 Global’s previous quarterly dividend of $0.26.
In other j2 Global news, Director Stephen Ross sold 10,620 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $47.90, for a total value of $508,698.00. Following the completion of the sale, the director now directly owns 10,400 shares of the company’s stock, valued at approximately $498,160. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.