Brokerages Anticipate J2 Global Inc (JCOM) Will Post Quarterly Sales of $312.89 Million
Equities analysts expect J2 Global Inc (NASDAQ:JCOM) to report sales of $312.89 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for J2 Global’s earnings. The highest sales estimate is $318.30 million and the lowest is $307.48 million. J2 Global posted sales of $251.84 million in the same quarter last year, which indicates a positive year over year growth rate of 24.2%. The business is scheduled to announce its next quarterly earnings report 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 fiscal year, analysts forecast that the firm will post sales of $1.19 billion per share, with estimates ranging from $1.15 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for J2 Global.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data 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). J2 Global had a net margin of 12.60% and a return on equity of 26.43%. The business had revenue of $273.60 million for the quarter, compared to the consensus estimate of $272.84 million. During the same period in the previous year, the business posted $1.25 EPS. J2 Global’s revenue was up 30.2% compared to the same quarter last year.
In related news, VP Jeremy Rossen sold 2,514 shares of J2 Global stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total value of $186,161.70. Following the completion of the sale, the vice president now directly owns 26,372 shares in the company, valued at $1,952,846.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.15% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Foster & Motley Inc. grew its position in shares of J2 Global by 63.5% in the 3rd quarter. Foster & Motley Inc. now owns 28,578 shares of the technology company’s stock valued at $2,111,000 after purchasing an additional 11,100 shares during the period. Legal & General Group Plc grew its position in shares of J2 Global by 22.2% in the 2nd quarter. Legal & General Group Plc now owns 37,629 shares of the technology company’s stock valued at $3,206,000 after purchasing an additional 6,826 shares during the period. Koch Industries Inc. grew its position in shares of J2 Global by 15,945.3% in the 2nd quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock valued at $825,000 after purchasing an additional 829,954 shares during the period. FMR LLC grew its position in shares of J2 Global by 19.9% in the 2nd quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock valued at $515,222,000 after purchasing an additional 1,004,664 shares during the period. Finally, American International Group Inc. grew its position in shares of J2 Global by 2.9% in the 3rd quarter. American International Group Inc. now owns 130,050 shares of the technology company’s stock valued at $9,608,000 after purchasing an additional 3,714 shares during the period.
Shares of J2 Global (NASDAQ:JCOM) traded up $0.42 during trading on Friday, hitting $75.47. 173,500 shares of the stock traded hands, compared to its average volume of 284,500. The firm has a market capitalization of $3,633.08, a P/E ratio of 27.95 and a beta of 0.87. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.79 and a current ratio of 2.79. J2 Global has a twelve month low of $71.09 and a twelve month high of $91.48.
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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