Wall Street brokerages expect J2 Global Inc (NASDAQ:JCOM) to report sales of $295.19 million for the current quarter, according to Zacks. Four analysts have made estimates for J2 Global’s earnings, with estimates ranging from $291.77 million to $299.39 million. J2 Global posted sales of $273.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 5th.

According to Zacks, analysts expect that J2 Global will report full year sales of $1.21 billion for the current year, with estimates ranging from $1.20 billion to $1.22 billion. For the next year, analysts forecast that the firm will report sales of $1.28 billion, with estimates ranging from $1.24 billion to $1.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for J2 Global.

J2 Global (NASDAQ:JCOM) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06. J2 Global had a return on equity of 26.39% and a net margin of 11.19%. The business had revenue of $287.89 million for the quarter, compared to analyst estimates of $299.59 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. BidaskClub lowered J2 Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 14th. Citigroup decreased their target price on J2 Global from $88.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, August 13th. Robert W. Baird reaffirmed a “buy” rating and set a $92.00 target price on shares of J2 Global in a report on Monday, August 13th. Wedbush initiated coverage on J2 Global in a report on Thursday, October 18th. They set an “outperform” rating and a $95.00 target price for the company. Finally, ValuEngine downgraded J2 Global from a “hold” rating to a “sell” rating in a report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. J2 Global presently has a consensus rating of “Hold” and an average price target of $93.25.

Shares of JCOM stock traded down $1.03 during trading hours on Tuesday, reaching $72.33. 390,450 shares of the company’s stock were exchanged, compared to its average volume of 369,371. J2 Global has a 1 year low of $70.27 and a 1 year high of $91.58. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.56 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.17 and a current ratio of 2.17.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $81.43, for a total value of $244,290.00. Following the completion of the sale, the chief executive officer now directly owns 723,830 shares in the company, valued at approximately $58,941,476.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jeremy Rossen sold 2,457 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $81.17, for a total value of $199,434.69. Following the completion of the sale, the vice president now owns 30,715 shares of the company’s stock, valued at $2,493,136.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,509 shares of company stock valued at $996,327. 5.15% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in JCOM. Fort L.P. acquired a new position in shares of J2 Global in the 2nd quarter valued at $120,000. Advisors Asset Management Inc. raised its position in J2 Global by 1,169.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 27,728 shares of the technology company’s stock valued at $175,000 after purchasing an additional 25,543 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in J2 Global in the 2nd quarter valued at about $194,000. World Asset Management Inc acquired a new stake in J2 Global in the 2nd quarter valued at about $208,000. Finally, West Branch Capital LLC acquired a new stake in J2 Global in the 2nd quarter valued at about $285,000. 99.66% of the stock is currently owned by institutional investors and hedge funds.

J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Earnings History and Estimates for J2 Global (NASDAQ:JCOM)

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