Wall Street analysts forecast that J2 Global Inc (NASDAQ:JCOM) will report $330.64 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for J2 Global’s earnings. The highest sales estimate is $335.80 million and the lowest is $326.50 million. J2 Global posted sales of $292.72 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13%. The firm is expected to issue its next earnings results on Monday, November 4th.
According to Zacks, analysts expect that J2 Global will report full year sales of $1.34 billion for the current year. For the next financial year, analysts forecast that the business will report sales of $1.43 billion, with estimates ranging from $1.41 billion to $1.45 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow J2 Global.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. J2 Global had a return on equity of 28.85% and a net margin of 11.61%. The company had revenue of $322.43 million during the quarter, compared to analyst estimates of $320.25 million. During the same period in the prior year, the company earned $1.50 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis.
In other news, VP Jeremy Rossen sold 2,617 shares of J2 Global stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.50, for a total value of $218,519.50. Following the transaction, the vice president now directly owns 32,440 shares in the company, valued at approximately $2,708,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in shares of J2 Global in the second quarter valued at about $27,000. Tortoise Index Solutions LLC acquired a new position in J2 Global in the first quarter valued at $28,000. Truvestments Capital LLC boosted its stake in J2 Global by 258.9% in the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after acquiring an additional 290 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in J2 Global in the second quarter valued at $44,000. Finally, Quantamental Technologies LLC acquired a new position in J2 Global in the second quarter valued at $50,000.
J2 Global stock traded up $0.11 during midday trading on Monday, reaching $83.45. 83 shares of the stock traded hands, compared to its average volume of 375,979. The stock has a market cap of $4.08 billion, a P/E ratio of 14.08 and a beta of 0.83. J2 Global has a 12 month low of $65.07 and a 12 month high of $92.00. The stock’s fifty day moving average is $86.63 and its 200-day moving average is $85.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09.
About J2 Global
j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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