J2 Global Inc (NASDAQ:JCOM) declared a quarterly dividend on Tuesday, February 6th, RTT News reports. Shareholders of record on Thursday, February 22nd will be paid a dividend of 0.405 per share by the technology company on Friday, March 9th. This represents a $1.62 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, February 21st. This is an increase from J2 Global’s previous quarterly dividend of $0.40.
J2 Global (NASDAQ:JCOM) traded down $0.80 during mid-day trading on Wednesday, hitting $83.13. 424,725 shares of the company traded hands, compared to its average volume of 345,552. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $4,148.57, a PE ratio of 29.37, a P/E/G ratio of 1.90 and a beta of 0.94. J2 Global has a twelve month low of $70.27 and a twelve month high of $91.48.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.09. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company had revenue of $316.38 million for the quarter, compared to analyst estimates of $319.00 million. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. analysts predict that J2 Global will post 5.55 EPS for the current fiscal year.
In other news, insider R Scott Turicchi sold 20,663 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $84.65, for a total transaction of $1,749,122.95. Following the completion of the sale, the insider now owns 246,395 shares in the company, valued at $20,857,336.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total value of $232,890.00. Following the transaction, the chief executive officer now directly owns 748,232 shares in the company, valued at approximately $58,085,250.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,663 shares of company stock valued at $2,211,783. Corporate insiders own 5.15% of the company’s stock.
JCOM has been the topic of a number of recent research reports. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. DA Davidson began coverage on J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 price target for the company. ValuEngine downgraded J2 Global from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Robert W. Baird increased their price objective on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, William Blair restated an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. J2 Global presently has a consensus rating of “Buy” and a consensus price target of $99.50.
About J2 Global
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).
Receive News & Ratings for J2 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J2 Global and related companies with MarketBeat.com's FREE daily email newsletter.