Wall Street brokerages expect that J2 Global Inc (NASDAQ:JCOM) will post earnings per share (EPS) of $1.32 for the current quarter, according to Zacks. Four analysts have provided estimates for J2 Global’s earnings. The lowest EPS estimate is $1.26 and the highest is $1.38. J2 Global posted earnings of $1.22 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, May 7th.
On average, analysts expect that J2 Global will report full-year earnings of $6.78 per share for the current financial year, with EPS estimates ranging from $6.72 to $6.84. For the next year, analysts expect that the company will report earnings of $7.14 per share, with EPS estimates ranging from $6.89 to $7.42. Zacks’ earnings per share averages are an average based on a survey of research firms that follow J2 Global.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, February 12th. The technology company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. J2 Global had a net margin of 10.66% and a return on equity of 28.12%. The business had revenue of $346.10 million for the quarter, compared to analyst estimates of $342.12 million. During the same period last year, the firm earned $1.79 earnings per share. J2 Global’s revenue for the quarter was up 9.4% compared to the same quarter last year.
In other J2 Global news, Director W Brian Kretzmer sold 6,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $84.17, for a total transaction of $505,020.00. Following the sale, the director now directly owns 12,764 shares in the company, valued at $1,074,345.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Y. Bech sold 4,307 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $85.12, for a total transaction of $366,611.84. Following the sale, the director now owns 123,081 shares in the company, valued at $10,476,654.72. The disclosure for this sale can be found here. Insiders have sold 67,863 shares of company stock worth $5,742,930 over the last quarter. Corporate insiders own 5.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. LS Investment Advisors LLC grew its stake in J2 Global by 6.6% during the fourth quarter. LS Investment Advisors LLC now owns 3,739 shares of the technology company’s stock worth $259,000 after buying an additional 233 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of J2 Global by 2.9% in the 4th quarter. Cardinal Capital Management now owns 9,341 shares of the technology company’s stock valued at $648,000 after purchasing an additional 259 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of J2 Global by 68.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the technology company’s stock valued at $45,000 after purchasing an additional 262 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of J2 Global by 2.3% in the 4th quarter. Alps Advisors Inc. now owns 12,850 shares of the technology company’s stock valued at $892,000 after purchasing an additional 289 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of J2 Global by 3.5% in the 4th quarter. Virginia Retirement Systems ET AL now owns 8,800 shares of the technology company’s stock valued at $611,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.
NASDAQ:JCOM opened at $89.07 on Thursday. J2 Global has a 52 week low of $65.07 and a 52 week high of $91.58. The stock has a market cap of $4.31 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.50 and a current ratio of 1.50.
J2 Global Company Profile
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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