Wall Street brokerages forecast that J2 Global Inc (NASDAQ:JCOM) will post sales of $274.66 million for the current quarter, Zacks reports. Three analysts have provided estimates for J2 Global’s earnings, with the lowest sales estimate coming in at $271.60 million and the highest estimate coming in at $278.20 million. J2 Global reported sales of $254.67 million during the same quarter last year, which indicates a positive year over year growth rate of 7.8%. The firm is scheduled to report its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that J2 Global will report full year sales of $274.66 million for the current financial year, with estimates ranging from $1.22 billion to $1.23 billion. For the next financial year, analysts expect that the firm will report sales of $1.28 billion per share, with estimates ranging from $1.26 billion to $1.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for J2 Global.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.09. The business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. J2 Global’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS.
J2 Global (JCOM) opened at $84.50 on Tuesday. J2 Global has a 1 year low of $70.27 and a 1 year high of $91.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market capitalization of $4,090.00, a PE ratio of 26.74, a PEG ratio of 1.88 and a beta of 0.93.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 22nd were given a dividend of $0.405 per share. This is a boost from J2 Global’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 21st. This represents a $1.62 annualized dividend and a dividend yield of 1.92%. J2 Global’s payout ratio is presently 51.27%.
In related news, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $76.59, for a total transaction of $229,770.00. Following the transaction, the chief executive officer now owns 745,232 shares of the company’s stock, valued at $57,077,318.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.15% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Aurora Investment Counsel purchased a new position in shares of J2 Global during the fourth quarter valued at approximately $2,007,000. American International Group Inc. boosted its position in shares of J2 Global by 2.9% during the third quarter. American International Group Inc. now owns 130,050 shares of the technology company’s stock valued at $9,608,000 after buying an additional 3,714 shares during the last quarter. Stevens Capital Management LP boosted its position in shares of J2 Global by 90.3% during the third quarter. Stevens Capital Management LP now owns 15,164 shares of the technology company’s stock valued at $1,120,000 after buying an additional 7,194 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of J2 Global by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 725,098 shares of the technology company’s stock valued at $53,570,000 after buying an additional 35,378 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of J2 Global by 2.9% during the third quarter. California Public Employees Retirement System now owns 113,495 shares of the technology company’s stock valued at $8,385,000 after buying an additional 3,195 shares during the last quarter.
COPYRIGHT VIOLATION WARNING: “Brokerages Expect J2 Global Inc (JCOM) Will Announce Quarterly Sales of $274.66 Million” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/03/13/brokerages-expect-j2-global-inc-jcom-will-announce-quarterly-sales-of-274-66-million.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for J2 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J2 Global and related companies with MarketBeat.com's FREE daily email newsletter.