J2 Global (JCOM) Expected to Post Earnings of $1.42 Per Share

Equities analysts expect that J2 Global (NASDAQ:JCOM) will report earnings of $1.42 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for J2 Global’s earnings, with the lowest EPS estimate coming in at $1.36 and the highest estimate coming in at $1.46. J2 Global reported earnings per share of $1.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The company is expected to announce its next earnings report on Thursday, August 2nd.

On average, analysts expect that J2 Global will report full year earnings of $6.07 per share for the current financial year, with EPS estimates ranging from $6.02 to $6.10. For the next fiscal year, analysts anticipate that the company will report earnings of $6.70 per share, with EPS estimates ranging from $6.24 to $6.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover J2 Global.

J2 Global (NASDAQ:JCOM) last posted its earnings results on Monday, May 7th. The technology company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.02. The business had revenue of $280.62 million for the quarter, compared to analysts’ expectations of $274.66 million. J2 Global had a net margin of 11.58% and a return on equity of 26.09%. During the same quarter in the previous year, the firm posted $0.41 earnings per share.

JCOM has been the topic of a number of analyst reports. DA Davidson initiated coverage on shares of J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 target price on the stock. Robert W. Baird upped their target price on shares of J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. William Blair reissued an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of J2 Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 12th. Finally, BidaskClub raised shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $94.33.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $84.96, for a total value of $254,880.00. Following the transaction, the chief executive officer now directly owns 734,101 shares in the company, valued at $62,369,220.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Steve P. Dunn sold 2,911 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $87.36, for a total transaction of $254,304.96. Following the completion of the transaction, the insider now owns 23,412 shares in the company, valued at $2,045,272.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,220 shares of company stock worth $5,176,829. Company insiders own 5.15% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 purchasing an additional 831 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of J2 Global during the first quarter worth approximately $213,000. Oppenheimer & Co. Inc. acquired a new position in shares of J2 Global during the fourth quarter worth approximately $210,000. Parametrica Management Ltd acquired a new position in shares of J2 Global during the first quarter worth approximately $224,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of J2 Global during the fourth quarter worth approximately $222,000. Hedge funds and other institutional investors own 98.95% of the company’s stock.

J2 Global traded down $0.23, reaching $86.50, on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 190,700 shares, compared to its average volume of 366,500. The stock has a market cap of $4.19 billion, a P/E ratio of 15.96, a PEG ratio of 1.91 and a beta of 0.84. J2 Global has a 52 week low of $70.27 and a 52 week high of $90.90. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.97.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given a $0.415 dividend. The ex-dividend date is Thursday, May 17th. This is a positive change from J2 Global’s previous quarterly dividend of $0.41. This represents a $1.66 dividend on an annualized basis and a yield of 1.92%. J2 Global’s payout ratio is 30.68%.

J2 Global Company Profile

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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Earnings History and Estimates for J2 Global (NASDAQ:JCOM)

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