j2 Global, Inc. (JCOM) Releases FY17 Earnings Guidance
j2 Global, Inc. (NASDAQ:JCOM) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.60-$6.00 for the period, compared to the Thomson Reuters consensus estimate of $5.77. The company issued revenue guidance of $1.107-$1.147 billion, compared to the consensus revenue estimate of $1.13 billion.
Several equities analysts recently commented on the company. BidaskClub lowered j2 Global from a hold rating to a sell rating in a research report on Tuesday, July 25th. ValuEngine raised j2 Global from a hold rating to a buy rating in a research report on Wednesday, October 11th. Citigroup Inc. reduced their price target on j2 Global from $89.00 to $88.00 and set a neutral rating on the stock in a research report on Monday, August 7th. Zacks Investment Research lowered j2 Global from a hold rating to a sell rating in a research report on Wednesday, August 9th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $94.00 target price on shares of j2 Global in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $101.75.
Shares of j2 Global, Inc. (JCOM) traded up $1.65 on Friday, hitting $75.81. The company’s stock had a trading volume of 642,325 shares, compared to its average volume of 416,178. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 14.12 and a beta of 0.88. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.04.
j2 Global (NASDAQ:JCOM) last released its earnings results on Thursday, November 2nd. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). j2 Global had a return on equity of 26.76% and a net margin of 12.60%. The business had revenue of $273.60 million for the quarter, compared to analysts’ expectations of $272.84 million. During the same period in the previous year, the company earned $1.25 EPS. j2 Global’s quarterly revenue was up 30.2% compared to the same quarter last year. research analysts forecast that j2 Global, Inc. will post 5.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.395 per share. This is a positive change from j2 Global’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.08%. j2 Global’s dividend payout ratio is presently 57.04%.
COPYRIGHT VIOLATION NOTICE: “j2 Global, Inc. (JCOM) Releases FY17 Earnings Guidance” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/j2-global-inc-jcom-releases-fy17-earnings-guidance/1676711.html.
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).
Receive News & Ratings for j2 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for j2 Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.