J2 Global (JCOM) Announces Earnings Results
J2 Global (NASDAQ:JCOM) announced its earnings results on Wednesday. The technology company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.09, Bloomberg Earnings reports. J2 Global had a return on equity of 26.43% and a net margin of 12.60%. The firm had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $319.00 million. During the same quarter in the prior year, the firm earned $1.49 EPS. J2 Global’s quarterly revenue was up 25.6% on a year-over-year basis.
J2 Global (JCOM) opened at $74.20 on Wednesday. J2 Global has a 52 week low of $71.09 and a 52 week high of $91.48. The firm has a market capitalization of $3,663.58, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 1.02.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s dividend payout ratio is currently 58.52%.
A number of brokerages have weighed in on JCOM. DA Davidson began coverage on J2 Global in a research note on Friday, February 2nd. They set a “buy” rating and a $95.00 price target on the stock. ValuEngine raised J2 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $100.40.
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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