Analysts Expect J2 Global Inc (JCOM) Will Announce Quarterly Sales of $312.89 Million

Equities analysts forecast that J2 Global Inc (NASDAQ:JCOM) will report $312.89 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for J2 Global’s earnings, with estimates ranging from $307.48 million to $318.30 million. J2 Global posted sales of $251.84 million during the same quarter last year, which suggests a positive year over year growth rate of 24.2%. The firm is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 6th.

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 financial 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 calculations are a mean average based on a survey of sell-side research analysts that follow 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 Thomson Reuters’ consensus estimate of $1.36 by ($0.02). The firm had revenue of $273.60 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub lowered shares of J2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, ValuEngine upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. J2 Global currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Shares of J2 Global (NASDAQ:JCOM) traded down $0.39 during trading on Monday, reaching $75.70. 327,400 shares of the company’s stock traded hands, compared to its average volume of 320,869. 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 $3,664.55, a PE ratio of 28.04 and a beta of 0.87. J2 Global has a 1 year low of $71.09 and a 1 year high of $91.48.

In related news, CEO Vivek Shah sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were 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 in the company, valued at $58,085,250.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jeremy Rossen sold 2,514 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 in the company, valued at $1,952,846.60. The disclosure for this sale can be found here. Corporate insiders own 5.15% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. raised its holdings in J2 Global by 1.7% in the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after purchasing an additional 43 shares during the period. Parametrica Management Ltd acquired a new stake in J2 Global in the third quarter worth $229,000. Shelton Capital Management acquired a new stake in J2 Global in the second quarter worth $277,000. Raymond James Financial Services Advisors Inc. acquired a new stake in J2 Global in the third quarter worth $250,000. Finally, Sciencast Management LP acquired a new stake in J2 Global in the second quarter worth $289,000.

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J2 Global Company Profile

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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