J2 Global (NASDAQ:JCOM) released its quarterly earnings data on Wednesday. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.09, Bloomberg Earnings reports. J2 Global had a net margin of 12.60% and a return on equity of 26.43%. The firm had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $319.00 million. During the same quarter in the previous year, the company earned $1.49 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year.
J2 Global (JCOM) opened at $74.20 on Wednesday. J2 Global has a 52-week low of $71.09 and a 52-week high of $91.48. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.79 and a current ratio of 2.79. The stock has a market cap of $3,663.58, a PE ratio of 14.75, a P/E/G ratio of 1.62 and a beta of 0.89.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 2.18%. This is a boost from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s payout ratio is currently 58.52%.
In related news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total transaction of $232,890.00. Following the transaction, the chief executive officer now owns 748,232 shares in the company, valued at $58,085,250.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.15% of the stock is owned by insiders.
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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