J2 Global (NASDAQ:JCOM) Issues FY 2019 Earnings Guidance

J2 Global (NASDAQ:JCOM) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.95-7.15 for the period. The company issued revenue guidance of $1.33-1.37 billion.

JCOM traded down $0.04 during midday trading on Friday, reaching $86.61. 188,274 shares of the company’s stock were exchanged, compared to its average volume of 366,665. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.62 and a beta of 0.86. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.01. J2 Global has a one year low of $65.07 and a one year high of $91.58.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The company had revenue of $299.90 million during the quarter, compared to analyst estimates of $296.12 million. J2 Global had a net margin of 11.60% and a return on equity of 28.93%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $1.22 earnings per share. Equities research analysts expect that J2 Global will post 6.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 20th were issued a $0.455 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.10%. This is a positive change from J2 Global’s previous quarterly dividend of $0.45. J2 Global’s dividend payout ratio (DPR) is currently 30.74%.

JCOM has been the subject of a number of research reports. DA Davidson set a $110.00 price target on shares of J2 Global and gave the company a buy rating in a 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 target price for the company in a report on Wednesday, April 17th. Citigroup lifted their target price on shares of J2 Global from $84.00 to $86.00 and gave the stock a neutral rating in a report on Thursday, February 14th. Finally, Wedbush lifted their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $100.20.

In other J2 Global news, VP Jeremy Rossen sold 2,213 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $86.30, for a total transaction of $190,981.90. Following the sale, the vice president now directly owns 36,440 shares of the company’s stock, valued at approximately $3,144,772. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO R Scott Turicchi sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $86.67, for a total transaction of $866,700.00. Following the sale, the chief financial officer now directly owns 293,139 shares in the company, valued at $25,406,357.13. The disclosure for this sale can be found here. Insiders sold a total of 21,102 shares of company stock worth $1,830,912 over the last ninety days. 5.90% of the stock is currently owned by insiders.

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J2 Global Company Profile

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

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