J2 Global Inc (JCOM) to Post Q1 2018 Earnings of $0.96 Per Share, DA Davidson Forecasts
J2 Global Inc (NASDAQ:JCOM) – Equities research analysts at DA Davidson issued their Q1 2018 earnings per share estimates for J2 Global in a note issued to investors on Wednesday. DA Davidson analyst R. Jaluria forecasts that the technology company will earn $0.96 per share for the quarter. DA Davidson has a “Buy” rating and a $95.00 price target on the stock. DA Davidson also issued estimates for J2 Global’s Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $1.90 EPS, FY2018 earnings at $5.59 EPS, Q1 2019 earnings at $1.29 EPS, Q2 2019 earnings at $1.55 EPS, Q3 2019 earnings at $1.53 EPS, Q4 2019 earnings at $2.08 EPS and FY2019 earnings at $6.43 EPS.
J2 Global (NASDAQ:JCOM) last released its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $319.00 million. During the same period last year, the business earned $1.49 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis.
J2 Global (JCOM) opened at $72.17 on Monday. J2 Global has a 1-year low of $70.27 and a 1-year high of $91.48. The stock has a market cap of $3,493.68, a P/E ratio of 25.50, a PEG ratio of 1.60 and a beta of 0.89. The company has a current ratio of 2.34, a quick ratio of 2.79 and a debt-to-equity ratio of 0.98.
Large investors have recently bought and sold shares of the business. Foster & Motley Inc. grew its position in J2 Global by 63.5% in the 3rd quarter. Foster & Motley Inc. now owns 28,578 shares of the technology company’s stock worth $2,111,000 after purchasing an additional 11,100 shares during the period. American International Group Inc. grew its position in J2 Global by 2.9% in the 3rd quarter. American International Group Inc. now owns 130,050 shares of the technology company’s stock worth $9,608,000 after purchasing an additional 3,714 shares during the period. Aurora Investment Counsel bought a new stake in J2 Global in the 4th quarter worth approximately $2,007,000. Stevens Capital Management LP grew its position in J2 Global by 90.3% in the 3rd quarter. Stevens Capital Management LP now owns 15,164 shares of the technology company’s stock worth $1,120,000 after purchasing an additional 7,194 shares during the period. Finally, Bank of New York Mellon Corp grew its position in J2 Global by 5.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 725,098 shares of the technology company’s stock worth $53,570,000 after purchasing an additional 35,378 shares during the period.
In related news, CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total transaction of $232,890.00. Following the completion of the sale, the chief executive officer now owns 748,232 shares of the company’s stock, valued at $58,085,250.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.15% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.62 annualized dividend and a dividend yield of 2.24%. This is an increase from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s dividend payout ratio (DPR) is 55.83%.
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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