Wall Street brokerages forecast that J2 Global, Inc. (NASDAQ:JCOM) will announce sales of $390.07 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for J2 Global’s earnings. The highest sales estimate is $397.90 million and the lowest is $379.95 million. J2 Global reported sales of $330.98 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.9%. The business is expected to issue its next quarterly earnings report on Monday, August 9th.
On average, analysts expect that J2 Global will report full year sales of $1.69 billion for the current fiscal year, with estimates ranging from $1.65 billion to $1.70 billion. For the next year, analysts expect that the company will report sales of $1.79 billion, with estimates ranging from $1.72 billion to $1.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow J2 Global.
J2 Global (NASDAQ:JCOM) last posted its earnings results on Monday, May 10th. The technology company reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.61. J2 Global had a return on equity of 31.85% and a net margin of 15.11%. The company had revenue of $398.20 million during the quarter, compared to analyst estimates of $362.11 million. During the same period in the previous year, the company earned $1.40 EPS. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year.
In other J2 Global news, VP Jeremy Rossen sold 4,256 shares of the company’s stock in a transaction on Wednesday, May 12th. The stock was sold at an average price of $122.07, for a total value of $519,529.92. Following the transaction, the vice president now directly owns 10,869 shares of the company’s stock, valued at approximately $1,326,778.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas Y. Bech sold 3,000 shares of the company’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $127.98, for a total value of $383,940.00. Following the completion of the transaction, the director now directly owns 135,176 shares in the company, valued at $17,299,824.48. The disclosure for this sale can be found here. 5.42% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of JCOM. Perigon Wealth Management LLC acquired a new position in J2 Global in the 4th quarter valued at $38,000. Altshuler Shaham Ltd acquired a new position in J2 Global in the 1st quarter valued at $66,000. First Mercantile Trust Co. acquired a new position in J2 Global in the 1st quarter valued at $142,000. Ameritas Investment Company LLC acquired a new position in J2 Global in the 1st quarter valued at $157,000. Finally, Euclidean Technologies Management LLC acquired a new position in J2 Global in the 1st quarter valued at $204,000.
NASDAQ JCOM traded down $0.05 during trading on Friday, hitting $127.54. The stock had a trading volume of 282,697 shares, compared to its average volume of 563,405. The firm has a market cap of $5.75 billion, a P/E ratio of 25.27, a PEG ratio of 1.81 and a beta of 1.06. The company has a 50-day moving average price of $123.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78. J2 Global has a 12 month low of $53.24 and a 12 month high of $135.24.
J2 Global Company Profile
J2 Global, Inc provides internet services worldwide. It operates through three segments: Fax and Martech; Voice, Backup, Security, and Consumer Privacy and Protection; and Digital Media. The company offers cloud services, which include cloud fax services under the eFax, sFax, SRFax, MyFax, and eFax Corporate brands; endpoint and email security, and threat intelligence services for real-time malware analysis under the VIPRE brand; Inspired eLearning, a SaaS platform for cybersecurity awareness and compliance training; virtual private network services under the IPVanish and Encrypt.me names; online file backup, synchronization, and sharing services under the SugarSync name; and online backup and sync storage services under the LiveDrive name.
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