j2 Global, Inc. (JCOM) Expected to Post Earnings of $1.81 Per Share

Equities research analysts expect j2 Global, Inc. (NASDAQ:JCOM) to report earnings of $1.81 per share for the current quarter, Zacks reports. Two analysts have made estimates for j2 Global’s earnings, with the lowest EPS estimate coming in at $1.79 and the highest estimate coming in at $1.82. j2 Global posted earnings per share of $1.49 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.5%. The company is scheduled to announce its next earnings results on Thursday, February 8th.

On average, analysts expect that j2 Global will report full year earnings of $5.68 per share for the current year, with EPS estimates ranging from $5.67 to $5.68. For the next year, analysts forecast that the firm will post earnings of $6.11 per share, with EPS estimates ranging from $5.92 to $6.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for j2 Global.

j2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). j2 Global had a return on equity of 26.43% and a net margin of 12.60%. The company had revenue of $273.60 million for the quarter, compared to the consensus estimate of $272.84 million. During the same quarter last year, the business earned $1.25 earnings per share. j2 Global’s revenue was up 30.2% compared to the same quarter last year.

JCOM has been the subject of a number of analyst reports. Robert W. Baird restated a “buy” rating and set a $94.00 price objective on shares of j2 Global in a research report on Friday, September 1st. ValuEngine downgraded j2 Global from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded j2 Global from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub downgraded j2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $101.75.

In other j2 Global news, VP Jeremy Rossen sold 2,514 shares of j2 Global stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total value of $186,161.70. Following the completion of the sale, the vice president now directly owns 26,372 shares in the company, valued at $1,952,846.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.15% of the company’s stock.

A number of hedge funds have recently modified their holdings of JCOM. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in j2 Global by 15.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock worth $150,000 after purchasing an additional 241 shares in the last quarter. First Mercantile Trust Co. increased its holdings in j2 Global by 1.9% in the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after purchasing an additional 40 shares in the last quarter. Advisor Group Inc. increased its holdings in j2 Global by 1.7% in the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after purchasing an additional 43 shares in the last quarter. Parametrica Management Ltd bought a new stake in j2 Global in the third quarter worth approximately $229,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in j2 Global in the third quarter worth approximately $250,000.

Shares of j2 Global (NASDAQ JCOM) traded up $1.09 on Friday, hitting $76.40. The stock had a trading volume of 733,674 shares, compared to its average volume of 327,706. j2 Global has a 52 week low of $71.09 and a 52 week high of $91.48. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $3,700.00, a P/E ratio of 14.89 and a beta of 0.87.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a $0.395 dividend. This is an increase from j2 Global’s previous quarterly dividend of $0.39. This represents a $1.58 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, November 16th. j2 Global’s payout ratio is presently 58.52%.

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j2 Global Company Profile

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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