J2 Global Inc (JCOM) Expected to Post Earnings of $1.81 Per Share

Equities research analysts predict that J2 Global Inc (NASDAQ:JCOM) will report $1.81 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for J2 Global’s earnings, with the lowest EPS estimate coming in at $1.79 and the highest estimate coming in at $1.82. J2 Global posted earnings per share of $1.49 during the same quarter last year, which indicates a positive year over year growth rate of 21.5%. The business is expected to issue its next earnings results after the market closes on Tuesday, February 6th.

On average, analysts expect that J2 Global will report full year earnings of $5.68 per share for the current financial year, with EPS estimates ranging from $5.67 to $5.68. For the next financial year, analysts anticipate that the company will post earnings of $6.11 per share, with EPS estimates ranging from $5.92 to $6.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover J2 Global.

J2 Global (NASDAQ:JCOM) last released its earnings results on Thursday, November 2nd. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $272.84 million. During the same period last year, the business posted $1.25 EPS. J2 Global’s revenue was up 30.2% compared to the same quarter last year.

A number of equities research analysts have commented on JCOM shares. ValuEngine raised J2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub downgraded J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. J2 Global currently has a consensus rating of “Hold” and an average price target of $101.75.

Shares of J2 Global (JCOM) opened at $75.70 on Friday. J2 Global has a fifty-two week low of $71.09 and a fifty-two week high of $91.48. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.79 and a quick ratio of 2.79. The company has a market capitalization of $3,660.00, a price-to-earnings ratio of 28.04 and a beta of 0.87.

In other news, VP Jeremy Rossen sold 2,514 shares of J2 Global 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 completion of the transaction, the vice president now owns 26,372 shares of the company’s stock, valued at approximately $1,952,846.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total value of $232,890.00. Following the transaction, the chief executive officer now directly owns 748,232 shares of the company’s stock, valued at approximately $58,085,250.16. The disclosure for this sale can be found here. Insiders own 5.15% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JCOM. FMR LLC raised its stake in shares of J2 Global by 19.9% during the 2nd quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock worth $515,222,000 after buying an additional 1,004,664 shares during the last quarter. Koch Industries Inc. raised its stake in shares of J2 Global by 15,945.3% during the 2nd quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock worth $825,000 after buying an additional 829,954 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of J2 Global by 3,312.3% during the 2nd quarter. Nordea Investment Management AB now owns 651,653 shares of the technology company’s stock worth $55,449,000 after buying an additional 632,556 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of J2 Global by 283.8% during the 2nd quarter. Janus Henderson Group PLC now owns 831,287 shares of the technology company’s stock worth $70,734,000 after buying an additional 614,707 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in J2 Global by 14.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,475,529 shares of the technology company’s stock worth $109,013,000 after purchasing an additional 181,704 shares in the last quarter.

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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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