j2 Global, Inc. (JCOM) Expected to Announce Quarterly Sales of $278.35 Million

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/08/j2-global-inc-jcom-expected-to-announce-quarterly-sales-of-278-35-million.html.

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).

Get a free copy of the Zacks research report on j2 Global (JCOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for j2 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for j2 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply