Brokerages Anticipate J2 Global Inc (JCOM) Will Post Quarterly Sales of $312.89 Million

Equities analysts expect J2 Global Inc (NASDAQ:JCOM) to report sales of $312.89 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for J2 Global’s earnings. The highest sales estimate is $318.30 million and the lowest is $307.48 million. J2 Global posted sales of $251.84 million in the same quarter last year, which indicates a positive year over year growth rate of 24.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that J2 Global will report full-year sales of $312.89 million for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.19 billion per share, with estimates ranging from $1.15 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for J2 Global.

J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.02). J2 Global had a net margin of 12.60% and a return on equity of 26.43%. The business had revenue of $273.60 million for the quarter, compared to the consensus estimate of $272.84 million. During the same period in the previous year, the business posted $1.25 EPS. J2 Global’s revenue was up 30.2% compared to the same quarter last year.

JCOM has been the subject of several research reports. ValuEngine raised J2 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub cut J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. J2 Global currently has a consensus rating of “Hold” and a consensus price target of $101.75.

In related news, VP Jeremy Rossen sold 2,514 shares of J2 Global stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total value of $186,161.70. Following the completion of the sale, the vice president now directly owns 26,372 shares in the company, valued at $1,952,846.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.15% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Foster & Motley Inc. grew its position in shares of J2 Global by 63.5% in the 3rd quarter. Foster & Motley Inc. now owns 28,578 shares of the technology company’s stock valued at $2,111,000 after purchasing an additional 11,100 shares during the period. Legal & General Group Plc grew its position in shares of J2 Global by 22.2% in the 2nd quarter. Legal & General Group Plc now owns 37,629 shares of the technology company’s stock valued at $3,206,000 after purchasing an additional 6,826 shares during the period. Koch Industries Inc. grew its position in shares of J2 Global by 15,945.3% in the 2nd quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock valued at $825,000 after purchasing an additional 829,954 shares during the period. FMR LLC grew its position in shares of J2 Global by 19.9% in the 2nd quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock valued at $515,222,000 after purchasing an additional 1,004,664 shares during the period. Finally, American International Group Inc. grew its position in shares of J2 Global by 2.9% in the 3rd quarter. American International Group Inc. now owns 130,050 shares of the technology company’s stock valued at $9,608,000 after purchasing an additional 3,714 shares during the period.

Shares of J2 Global (NASDAQ:JCOM) traded up $0.42 during trading on Friday, hitting $75.47. 173,500 shares of the stock traded hands, compared to its average volume of 284,500. The firm has a market capitalization of $3,633.08, a P/E ratio of 27.95 and a beta of 0.87. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.79 and a current ratio of 2.79. J2 Global has a twelve month low of $71.09 and a twelve month high of $91.48.

WARNING: “Brokerages Anticipate J2 Global Inc (JCOM) Will Post Quarterly Sales of $312.89 Million” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.com-unik.info/2018/01/05/brokerages-anticipate-j2-global-inc-jcom-will-post-quarterly-sales-of-312-89-million.html.

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).

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

What are top analysts saying about J2 Global? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for J2 Global and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit