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%.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total transaction of $232,890.00. Following the transaction, the chief executive officer now owns 748,232 shares of the company’s stock, valued at approximately $58,085,250.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.15% of the company’s stock.

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.

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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).

Earnings History for J2 Global (NASDAQ:JCOM)

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