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).

Earnings History for j2 Global (NASDAQ:JCOM)

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