Brokerages expect j2 Global, Inc. (NASDAQ:JCOM) to announce $278.35 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for j2 Global’s earnings, with the lowest sales estimate coming in at $276.70 million and the highest estimate coming in at $280.00 million. j2 Global reported sales of $210.12 million in the same quarter last year, which indicates a positive year over year growth rate of 32.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that j2 Global will report full-year sales of $278.35 million for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts anticipate that the company will post sales of $1.22 billion per share, with estimates ranging from $1.20 billion to $1.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow j2 Global.
j2 Global (NASDAQ:JCOM) last issued its earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The company had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $271.89 million. During the same quarter in the previous year, the company earned $1.21 EPS. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year.
JCOM has been the topic of several recent research reports. BidaskClub upgraded j2 Global from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $94.00 price objective on shares of j2 Global in a report on Friday, September 1st. Zacks Investment Research raised j2 Global from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup Inc. lowered their price objective on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $101.75.
Shares of j2 Global (NASDAQ:JCOM) traded up 1.59% during mid-day trading on Thursday, hitting $75.34. The stock had a trading volume of 354,027 shares. The firm has a 50 day moving average price of $73.94 and a 200 day moving average price of $81.73. j2 Global has a 52-week low of $62.55 and a 52-week high of $91.48. The firm has a market cap of $3.64 billion, a PE ratio of 25.24 and a beta of 0.94.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Horizon Investment Services LLC boosted its holdings in j2 Global by 146.7% in the 1st quarter. Horizon Investment Services LLC now owns 17,401 shares of the technology company’s stock valued at $1,460,000 after purchasing an additional 10,347 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in j2 Global in the 1st quarter valued at approximately $6,579,000. James Investment Research Inc. purchased a new stake in j2 Global in the 2nd quarter valued at approximately $1,287,000. Alliancebernstein L.P. boosted its holdings in j2 Global by 52.3% in the 1st quarter. Alliancebernstein L.P. now owns 131,219 shares of the technology company’s stock valued at $11,011,000 after purchasing an additional 45,040 shares in the last quarter. Finally, Visionary Asset Management Inc. purchased a new stake in j2 Global in the 2nd quarter valued at approximately $330,000.
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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