J2 Global Inc (NASDAQ:JCOM) – Equities researchers at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for shares of J2 Global in a report issued on Wednesday. DA Davidson analyst R. Jaluria anticipates that the technology company will post earnings of $0.96 per share for the quarter. DA Davidson has a “Buy” rating and a $95.00 price objective on the stock. DA Davidson also issued estimates for J2 Global’s Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $1.90 EPS, FY2018 earnings at $5.59 EPS, Q1 2019 earnings at $1.29 EPS, Q2 2019 earnings at $1.55 EPS, Q3 2019 earnings at $1.53 EPS, Q4 2019 earnings at $2.08 EPS and FY2019 earnings at $6.43 EPS.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.09. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. During the same quarter in the prior year, the company posted $1.49 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis.
Shares of J2 Global (NASDAQ JCOM) opened at $72.17 on Monday. J2 Global has a fifty-two week low of $70.27 and a fifty-two week high of $91.48. The stock has a market capitalization of $3,493.68, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.60 and a beta of 0.89. The company has a quick ratio of 2.79, a current ratio of 2.34 and a debt-to-equity ratio of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd will be issued a $0.405 dividend. This is an increase from J2 Global’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, February 21st. J2 Global’s dividend payout ratio is 55.83%.
In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total value of $232,890.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.15% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Advisor Group Inc. grew its holdings in shares of J2 Global by 1.7% during the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after buying an additional 43 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of J2 Global by 47.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock worth $194,000 after buying an additional 831 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of J2 Global during the fourth quarter worth about $210,000. Parametrica Management Ltd bought a new position in shares of J2 Global during the third quarter worth about $229,000. Finally, Shelton Capital Management bought a new position in shares of J2 Global during the second quarter worth about $277,000.
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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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