J2 Global (JCOM) Releases Earnings Results

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%.

A number of equities analysts have issued reports on JCOM shares. DA Davidson started coverage on shares of J2 Global in a research report on Friday, February 2nd. They issued a “buy” rating and a $95.00 price objective on the stock. BidaskClub cut shares of J2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research cut shares of J2 Global from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. 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 issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $100.40.

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.

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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).

Earnings History for J2 Global (NASDAQ:JCOM)

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