Wall Street analysts predict that j2 Global, Inc. (NASDAQ:JCOM) will post sales of $312.89 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for j2 Global’s earnings, with the lowest sales estimate coming in at $307.48 million and the highest estimate coming in at $318.30 million. j2 Global posted sales of $251.84 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.2%. The firm is scheduled to issue its next earnings results on Thursday, February 8th.

On average, analysts expect that j2 Global will report full year sales of $312.89 million for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next year, analysts forecast that the company will report sales of $1.19 billion per share, with estimates ranging from $1.15 billion to $1.23 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for j2 Global.

j2 Global (NASDAQ:JCOM) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.02). The business had revenue of $273.60 million for the quarter, compared to analyst estimates of $272.84 million. j2 Global had a return on equity of 26.43% and a net margin of 12.60%. j2 Global’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS.

JCOM has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $94.00 price objective on shares of j2 Global in a research report on Friday, September 1st. ValuEngine raised shares of j2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of j2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Citigroup lowered their price objective on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, August 7th. Finally, BidaskClub downgraded j2 Global from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. 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 a consensus target price of $101.75.

j2 Global (NASDAQ JCOM) opened at $75.46 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 1.02. The company has a market cap of $3,650.00, a PE ratio of 15.02 and a beta of 0.88. j2 Global has a 1-year low of $71.09 and a 1-year high of $91.48.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be given a dividend of $0.395 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.58 annualized dividend and a dividend yield of 2.09%. This is a boost from j2 Global’s previous quarterly dividend of $0.39. j2 Global’s dividend payout ratio (DPR) is currently 58.52%.

In related news, VP Jeremy Rossen sold 2,514 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total transaction of $186,161.70. Following the transaction, the vice president now directly owns 26,372 shares in the company, valued at approximately $1,952,846.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.15% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in j2 Global by 15.9% in the 2nd 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 last quarter. First Mercantile Trust Co. grew its stake in j2 Global by 1.9% in the 2nd 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 last quarter. Advisor Group Inc. boosted its holdings in j2 Global by 1.7% in the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after purchasing an additional 43 shares during the period. Parametrica Management Ltd bought a new position in shares of j2 Global during the 3rd quarter worth about $229,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of j2 Global during the 3rd quarter worth about $250,000.

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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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