Analysts Expect J2 Global Inc (NASDAQ:JCOM) Will Post Quarterly Sales of $318.47 Million

Equities analysts expect J2 Global Inc (NASDAQ:JCOM) to report sales of $318.47 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for J2 Global’s earnings. The highest sales estimate is $325.46 million and the lowest is $312.10 million. J2 Global posted sales of $287.89 million in the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that J2 Global will report full-year sales of $1.34 billion for the current year, with estimates ranging from $1.33 billion to $1.35 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.45 billion, with estimates ranging from $1.41 billion to $1.49 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 announced its earnings results on Tuesday, May 7th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The company had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $296.12 million. J2 Global had a return on equity of 28.93% and a net margin of 11.60%. J2 Global’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share.

JCOM has been the topic of several analyst reports. Citigroup lifted their target price on J2 Global from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. DA Davidson set a $110.00 target price on J2 Global and gave the company a “buy” rating in a research report on Monday, April 22nd. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. BidaskClub cut J2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Wedbush boosted their price objective on J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $100.20.

Shares of NASDAQ:JCOM opened at $86.71 on Wednesday. The company has a market cap of $4.19 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.61 and a beta of 0.86. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.25. J2 Global has a 12-month low of $65.07 and a 12-month high of $91.58.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were given a $0.455 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.82 annualized dividend and a yield of 2.10%. This is a boost from J2 Global’s previous quarterly dividend of $0.45. J2 Global’s payout ratio is currently 30.74%.

In other J2 Global news, VP Jeremy Rossen sold 2,213 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $86.30, for a total value of $190,981.90. Following the sale, the vice president now directly owns 36,440 shares in the company, valued at $3,144,772. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO R Scott Turicchi sold 10,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $86.67, for a total value of $866,700.00. Following the completion of the sale, the chief financial officer now owns 293,139 shares in the company, valued at $25,406,357.13. The disclosure for this sale can be found here. In the last three months, insiders sold 21,102 shares of company stock worth $1,830,912. Insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of J2 Global by 19.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 738 shares of the technology company’s stock valued at $65,000 after buying an additional 120 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of J2 Global by 3.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,339 shares of the technology company’s stock valued at $463,000 after buying an additional 174 shares during the period. LS Investment Advisors LLC raised its stake in shares of J2 Global by 6.6% in the fourth quarter. LS Investment Advisors LLC now owns 3,739 shares of the technology company’s stock valued at $259,000 after buying an additional 233 shares during the period. Meitav Dash Investments Ltd. raised its stake in shares of J2 Global by 3.2% in the first quarter. Meitav Dash Investments Ltd. now owns 7,920 shares of the technology company’s stock valued at $681,000 after buying an additional 244 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of J2 Global by 68.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the technology company’s stock valued at $45,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.

About J2 Global

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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