j2 Global, Inc. (JCOM) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS
j2 Global, Inc. (NASDAQ:JCOM) released its quarterly earnings results on Thursday. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $273.60 million for the quarter, compared to analysts’ expectations of $272.84 million. j2 Global had a return on equity of 26.76% and a net margin of 12.60%. The company’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. j2 Global updated its FY17 guidance to $5.60-$6.00 EPS.
j2 Global (JCOM) traded up $3.37 during trading hours on Friday, reaching $75.81. The company had a trading volume of 669,777 shares, compared to its average volume of 412,442. The stock has a market capitalization of $3,660.00, a price-to-earnings ratio of 14.12 and a beta of 0.88. j2 Global has a 52-week low of $67.80 and a 52-week high of $91.48. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.67 and a current ratio of 1.67.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be issued a $0.395 dividend. The ex-dividend date is Thursday, November 16th. This is a positive change from j2 Global’s previous quarterly dividend of $0.39. This represents a $1.58 dividend on an annualized basis and a yield of 2.08%. j2 Global’s dividend payout ratio (DPR) is 51.51%.
JCOM has been the subject of a number of recent research reports. BidaskClub lowered j2 Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Citigroup Inc decreased their target price on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, August 7th. ValuEngine upgraded j2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $94.00 target price on shares of j2 Global in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $101.75.
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About j2 Global
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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