j2 Global, Inc. (JCOM) Expected to Announce Earnings of $1.37 Per Share
Wall Street brokerages expect that j2 Global, Inc. (NASDAQ:JCOM) will post earnings per share of $1.37 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for j2 Global’s earnings. The highest EPS estimate is $1.39 and the lowest is $1.35. j2 Global reported earnings per share of $1.25 in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The business is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that j2 Global will report full-year earnings of $5.71 per share for the current year, with EPS estimates ranging from $5.68 to $5.74. For the next year, analysts forecast that the company will report earnings of $6.13 per share, with EPS estimates ranging from $5.92 to $6.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for j2 Global.
j2 Global (NASDAQ:JCOM) last posted its earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $271.89 million. During the same period last year, the firm posted $1.21 EPS. The company’s revenue for the quarter was up 29.0% on a year-over-year basis.
A number of research firms have issued reports on JCOM. BidaskClub cut shares of j2 Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine cut shares of j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $94.00 price target on shares of j2 Global in a report on Friday, September 1st. Finally, Citigroup Inc. decreased their price target on shares of j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $100.60.
Large investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its stake 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 worth $102,000 after acquiring an additional 80 shares during the period. Fifth Third Bancorp grew its position in j2 Global by 14.8% during 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. Neuburgh Advisers LLC grew its position in j2 Global by 7.0% during 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. Zurcher Kantonalbank Zurich Cantonalbank grew its position in j2 Global by 15.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock valued at $150,000 after buying an additional 241 shares during the period. Finally, First Mercantile Trust Co. grew its position in j2 Global by 1.9% during the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock valued at $183,000 after buying an additional 40 shares during the period.
j2 Global (NASDAQ:JCOM) traded down 1.64% during midday trading on Thursday, reaching $73.03. 162,314 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $76.63 and its 200-day moving average is $82.97. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 24.47 and a beta of 0.97. j2 Global has a 12-month low of $62.55 and a 12-month high of $91.48.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a $0.385 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from j2 Global’s previous quarterly dividend of $0.38. j2 Global’s dividend payout ratio is presently 51.68%.
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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