Wall Street brokerages expect J2 Global Inc (NASDAQ:JCOM) to report $2.03 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for J2 Global’s earnings, with estimates ranging from $1.99 to $2.07. J2 Global reported earnings per share of $1.79 during the same quarter last year, which would indicate a positive year over year growth rate of 13.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that J2 Global will report full year earnings of $6.28 per share for the current financial year, with EPS estimates ranging from $6.23 to $6.32. For the next year, analysts anticipate that the business will report earnings of $6.79 per share, with EPS estimates ranging from $6.51 to $7.04. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow J2 Global.
J2 Global (NASDAQ:JCOM) last released its earnings results on Monday, November 5th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.12. J2 Global had a return on equity of 26.70% and a net margin of 10.86%. The business had revenue of $292.72 million during the quarter, compared to the consensus estimate of $295.19 million.
A number of research firms have issued reports on JCOM. Zacks Investment Research reissued a “hold” rating on shares of J2 Global in a research report on Tuesday, November 13th. Robert W. Baird reissued a “buy” rating and issued a $92.00 target price on shares of J2 Global in a research report on Monday, August 13th. BidaskClub downgraded J2 Global from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. ValuEngine downgraded J2 Global from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, Wedbush reissued a “buy” rating and issued a $95.00 target price on shares of J2 Global in a research report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $93.25.
In other news, CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $71.90, for a total value of $215,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 9,000 shares of company stock valued at $680,040 over the last three months. Company insiders own 5.15% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Colony Group LLC boosted its holdings in shares of J2 Global by 2.7% in the second quarter. Colony Group LLC now owns 23,890 shares of the technology company’s stock worth $2,069,000 after acquiring an additional 630 shares during the period. Rhumbline Advisers boosted its holdings in shares of J2 Global by 0.5% in the second quarter. Rhumbline Advisers now owns 123,701 shares of the technology company’s stock worth $10,714,000 after acquiring an additional 675 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of J2 Global by 4.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 19,382 shares of the technology company’s stock worth $1,606,000 after acquiring an additional 746 shares during the period. Foster & Motley Inc. boosted its holdings in shares of J2 Global by 4.3% in the third quarter. Foster & Motley Inc. now owns 18,494 shares of the technology company’s stock worth $1,532,000 after acquiring an additional 768 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of J2 Global by 23.2% in the third quarter. First Citizens Bank & Trust Co. now owns 4,204 shares of the technology company’s stock worth $348,000 after acquiring an additional 792 shares during the period.
NASDAQ:JCOM opened at $70.43 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.75 and a quick ratio of 1.75. J2 Global has a 1 year low of $69.09 and a 1 year high of $91.58. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.54 and a beta of 1.01.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th were given a $0.435 dividend. This is an increase from J2 Global’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, November 16th. J2 Global’s dividend payout ratio (DPR) is currently 32.16%.
About J2 Global
j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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