Zacks: Analysts Anticipate J2 Global, Inc. (NASDAQ:JCOM) Will Announce Quarterly Sales of $365.25 Million


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Equities analysts predict that J2 Global, Inc. (NASDAQ:JCOM) will announce sales of $365.25 million for the current quarter, Zacks reports. Five analysts have issued estimates for J2 Global’s earnings, with estimates ranging from $357.10 million to $369.10 million. J2 Global reported sales of $332.39 million during the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The company is scheduled to report its next earnings results on Monday, May 10th.

On average, analysts expect that J2 Global will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $1.65 billion to $1.66 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.76 billion, with estimates ranging from $1.72 billion to $1.82 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow J2 Global.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Thursday, February 11th. The technology company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.69 by $0.42. J2 Global had a net margin of 15.12% and a return on equity of 26.87%.

JCOM has been the subject of a number of research reports. Barclays upped their price objective on shares of J2 Global from $110.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 16th. DA Davidson upped their price objective on shares of J2 Global from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 16th. Zacks Investment Research cut shares of J2 Global from a “buy” rating to a “sell” rating and set a $100.00 price objective for the company. in a research note on Tuesday, January 5th. Wedbush upped their price objective on shares of J2 Global from $100.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, February 16th. Finally, TheStreet raised shares of J2 Global from a “c” rating to a “b-” rating in a research note on Wednesday, November 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. J2 Global has a consensus rating of “Buy” and an average target price of $116.42.

In related news, CFO R Scott Turicchi sold 1,727 shares of the stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $90.00, for a total value of $155,430.00. Following the completion of the transaction, the chief financial officer now directly owns 294,059 shares in the company, valued at approximately $26,465,310. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard S. Ressler sold 200,000 shares of the stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $97.67, for a total transaction of $19,534,000.00. The disclosure for this sale can be found here. Insiders sold a total of 212,050 shares of company stock valued at $20,729,266 over the last 90 days. Company insiders own 6.11% of the company’s stock.

Several institutional investors have recently modified their holdings of JCOM. Riggs Asset Managment Co. Inc. bought a new position in shares of J2 Global in the 4th quarter worth about $26,000. Perigon Wealth Management LLC purchased a new stake in J2 Global during the 4th quarter valued at about $38,000. Harbor Investment Advisory LLC grew its position in J2 Global by 105.0% during the 3rd quarter. Harbor Investment Advisory LLC now owns 576 shares of the technology company’s stock valued at $40,000 after purchasing an additional 295 shares during the last quarter. Eudaimonia Partners LLC purchased a new stake in J2 Global during the 3rd quarter valued at about $61,000. Finally, Financial Management Professionals Inc. grew its position in J2 Global by 36.5% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,433 shares of the technology company’s stock valued at $99,000 after purchasing an additional 383 shares during the last quarter.

JCOM stock traded down $1.92 during midday trading on Thursday, reaching $107.14. The company had a trading volume of 11,469 shares, compared to its average volume of 484,564. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.05 and a quick ratio of 1.05. J2 Global has a 1 year low of $53.24 and a 1 year high of $113.36. The company has a market capitalization of $4.88 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.45 and a beta of 1.00. The firm has a 50-day moving average price of $101.79 and a 200-day moving average price of $84.50.

About J2 Global

J2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. The company operates through three segments: Fax and Martech; Voice, Backup, Security, and Consumer Privacy and Protection; and Digital Media. It offers cloud services, which includes online fax services under the eFax, sFax, MyFax, eFax Plus, eFax Pro, eFax Secure, eFax Corporate, and eFax Developer brands; on-demand voice, cloud phone, and unified communications services under the eVoice, Line2, and Onebox names; online backup and disaster recovery, sync storage, veeam services, and synchronization and sharing solutions under the KeepItSafe, LiveDrive, LiveVault, OffsiteDataSync, and SugarSync names; email security, web security, and endpoint protection services under the VIPRE and Excel Micro brands; email marketing and delivery services under the Campaigner and SMTP names; virtual private network services under the IPVanish and Encrypt.me; IP licensing services; and customer support services.

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