December 9, 2021

pierrelotichelsea

Latest technological developments

J2 Global, Inc. (NASDAQ:JCOM) Expected to Announce Quarterly Sales of $434.68 Million

Brokerages forecast that J2 Global, Inc. (NASDAQ:JCOM) will announce $434.68 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for J2 Global’s earnings. The lowest sales estimate is $433.60 million and the highest is $436.88 million. J2 Global reported sales of $405.59 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The company is expected to issue its next quarterly earnings report on Monday, February 8th.

According to Zacks, analysts expect that J2 Global will report full year sales of $1.46 billion for the current year, with estimates ranging from $1.45 billion to $1.46 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.60 billion, with estimates ranging from $1.52 billion to $1.65 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover J2 Global.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.76 by $0.26. The firm had revenue of $356.98 million for the quarter, compared to analyst estimates of $338.56 million. J2 Global had a return on equity of 26.87% and a net margin of 15.12%. J2 Global’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 EPS.

JCOM has been the topic of a number of recent analyst reports. BidaskClub lowered J2 Global from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 18th. Zacks Investment Research lowered J2 Global from a “buy” rating to a “sell” rating and set a $100.00 target price on the stock. in a research report on Tuesday, January 5th. TheStreet raised J2 Global from a “c” rating to a “b-” rating in a research report on Wednesday, November 4th. Smith Barney Citigroup upped their target price on J2 Global from $90.00 to $100.00 in a research report on Wednesday, November 4th. Finally, Robert W. Baird upped their target price on J2 Global from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $100.45.

In other news, VP Jeremy Rossen sold 3,500 shares of the stock in a transaction on Monday, November 23rd. The stock was sold at an average price of $87.00, for a total value of $304,500.00. Following the completion of the transaction, the vice president now owns 19,787 shares of the company’s stock, valued at $1,721,469. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Scott Turicchi sold 10,323 shares of the stock in a transaction on Tuesday, December 15th. The stock was sold at an average price of $100.73, for a total value of $1,039,835.79. In the last three months, insiders sold 215,550 shares of company stock valued at $21,033,766. Company insiders own 6.11% of the company’s stock.

Several institutional investors have recently made changes to their positions in JCOM. Harbor Investment Advisory LLC lifted its holdings in shares of J2 Global by 105.0% in the third quarter. Harbor Investment Advisory LLC now owns 576 shares of the technology company’s stock valued at $40,000 after buying an additional 295 shares during the period. Private Advisor Group LLC purchased a new stake in shares of J2 Global during the second quarter valued at $41,000. Eudaimonia Partners LLC purchased a new stake in shares of J2 Global during the third quarter valued at $61,000. Financial Management Professionals Inc. lifted its holdings in shares of J2 Global by 36.5% during the third 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. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of J2 Global during the third quarter valued at $142,000. Institutional investors and hedge funds own 98.37% of the company’s stock.

Shares of JCOM traded down $2.88 during trading on Monday, reaching $95.77. The company’s stock had a trading volume of 654,822 shares, compared to its average volume of 467,713. The company has a fifty day moving average of $94.87 and a two-hundred day moving average of $74.84. J2 Global has a twelve month low of $53.24 and a twelve month high of $104.57. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.68 and a beta of 0.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.91.

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.

Featured Article: How to Invest in a Bull Market

Get a free copy of the Zacks research report on J2 Global (JCOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for J2 Global Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for J2 Global and related companies with MarketBeat.com’s FREE daily email newsletter.