j2 Global, Inc. (JCOM) Expected to Post Earnings of $1.31 Per Share
Brokerages predict that j2 Global, Inc. (NASDAQ:JCOM) will report earnings of $1.31 per share for the current quarter, Zacks reports. Two analysts have made estimates for j2 Global’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.32. j2 Global reported earnings per share of $1.16 during the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The company is expected to issue its next earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that j2 Global will report full-year earnings of $5.57 per share for the current financial year, with EPS estimates ranging from $5.53 to $5.60. For the next fiscal year, analysts forecast that the firm will report earnings of $6.01 per share, with EPS estimates ranging from $5.86 to $6.16. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for j2 Global.
j2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Monday, May 8th. The technology company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.21 by $0.07. The firm had revenue of $254.70 million for the quarter, compared to the consensus estimate of $258.15 million. j2 Global had a net margin of 15.98% and a return on equity of 26.41%. j2 Global’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share.
A number of research firms recently commented on JCOM. BidaskClub downgraded j2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded j2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $120.00 target price (up from $95.00) on shares of j2 Global in a research report on Tuesday, May 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $97.00.
Shares of j2 Global (NASDAQ:JCOM) traded up 0.13% during trading on Wednesday, hitting $84.47. The stock had a trading volume of 101,453 shares. The stock has a 50 day moving average of $86.04 and a 200 day moving average of $84.92. The company has a market cap of $4.07 billion, a PE ratio of 27.81 and a beta of 0.95. j2 Global has a 12 month low of $62.55 and a 12 month high of $91.48.
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In other news, Director Douglas Y. Bech sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $85.86, for a total transaction of $1,287,900.00. Following the transaction, the director now owns 123,966 shares of the company’s stock, valued at $10,643,720.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jeremy Rossen sold 1,094 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $88.65, for a total value of $96,983.10. Following the transaction, the vice president now directly owns 31,466 shares in the company, valued at approximately $2,789,460.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,758 shares of company stock worth $2,583,053. Company insiders own 5.15% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC boosted its position in shares of j2 Global by 7.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,216 shares of the technology company’s stock valued at $102,000 after buying an additional 80 shares during the period. Fifth Third Bancorp boosted its position in shares of j2 Global by 14.8% in the first quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock valued at $121,000 after buying an additional 186 shares during the period. Ledyard National Bank purchased a new position in shares of j2 Global during the first quarter valued at about $138,000. Neuburgh Advisers LLC boosted its position in shares of j2 Global by 7.0% in the first quarter. Neuburgh Advisers LLC now owns 1,672 shares of the technology company’s stock valued at $140,000 after buying an additional 110 shares during the period. Finally, Tyers Asset Management LLC boosted its position in shares of j2 Global by 7.0% in the first quarter. Tyers Asset Management LLC now owns 2,128 shares of the technology company’s stock valued at $179,000 after buying an additional 140 shares during the period.
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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