J2 Global (NASDAQ:JCOM) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.95-7.15 for the period. The company issued revenue guidance of $1.33-1.37 billion.
Shares of JCOM stock opened at $86.88 on Thursday. The company has a market cap of $4.27 billion, a PE ratio of 14.68, a P/E/G ratio of 1.64 and a beta of 0.88. J2 Global has a 52 week low of $65.07 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.25 and a quick ratio of 1.25.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.19 by $0.14. The company had revenue of $299.90 million during the quarter, compared to the consensus estimate of $296.12 million. J2 Global had a net margin of 11.60% and a return on equity of 28.93%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS. On average, sell-side analysts expect that J2 Global will post 6.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th will be given a dividend of $0.455 per share. This is an increase from J2 Global’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, May 17th. This represents a $1.82 annualized dividend and a dividend yield of 2.09%. J2 Global’s dividend payout ratio (DPR) is 30.74%.
JCOM has been the subject of several recent analyst reports. DA Davidson set a $110.00 price objective on shares of J2 Global and gave the stock a buy rating in a research report on Monday, April 22nd. Zacks Investment Research raised shares of J2 Global from a hold rating to a buy rating and set a $99.00 price objective for the company in a research report on Wednesday, April 17th. BidaskClub raised shares of J2 Global from a hold rating to a buy rating in a research report on Tuesday, February 5th. Citigroup raised their price objective on shares of J2 Global from $84.00 to $86.00 and gave the stock a neutral rating in a research report on Thursday, February 14th. Finally, Wedbush raised their price objective on shares of J2 Global from $95.00 to $105.00 and gave the stock an outperform rating in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $100.20.
In related news, Director W Brian Kretzmer sold 6,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $84.17, for a total value of $505,020.00. Following the transaction, the director now directly owns 12,764 shares in the company, valued at approximately $1,074,345.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steve P. Dunn sold 3,263 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $87.00, for a total value of $283,881.00. Following the completion of the transaction, the insider now owns 19,544 shares in the company, valued at $1,700,328. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,500 shares of company stock worth $5,188,456. 5.90% of the stock is owned by company insiders.
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About J2 Global
j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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