J2 Global Inc (NASDAQ:JCOM) – Research analysts at William Blair issued their Q1 2020 EPS estimates for shares of J2 Global in a research report issued to clients and investors on Tuesday, February 11th. William Blair analyst J. Breen forecasts that the technology company will post earnings per share of $1.38 for the quarter. William Blair also issued estimates for J2 Global’s Q2 2020 earnings at $1.58 EPS, Q4 2020 earnings at $2.48 EPS and FY2021 earnings at $7.77 EPS.
Several other research firms also recently commented on JCOM. Citigroup raised their price objective on shares of J2 Global from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday. ValuEngine downgraded shares of J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Susquehanna Bancshares raised their price target on shares of J2 Global from $115.00 to $130.00 and gave the company a “positive” rating in a report on Wednesday. DA Davidson raised their price target on shares of J2 Global from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Sidoti set a $118.00 price target on shares of J2 Global and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. J2 Global has an average rating of “Buy” and an average price target of $113.13.
JCOM opened at $95.75 on Thursday. The company has a 50 day moving average of $98.03 and a 200 day moving average of $92.90. The company has a market cap of $4.87 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75. J2 Global has a 12 month low of $78.00 and a 12 month high of $104.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Monday, February 10th. The technology company reported $2.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.12. The company had revenue of $405.59 million during the quarter, compared to the consensus estimate of $393.09 million. J2 Global had a net margin of 15.95% and a return on equity of 30.21%. J2 Global’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $2.11 EPS.
A number of large investors have recently made changes to their positions in the business. State of New Jersey Common Pension Fund D purchased a new position in J2 Global in the 3rd quarter worth $4,677,000. California Public Employees Retirement System raised its position in J2 Global by 19.5% in the 3rd quarter. California Public Employees Retirement System now owns 132,176 shares of the technology company’s stock worth $12,004,000 after purchasing an additional 21,555 shares during the period. Virginia Retirement Systems ET AL raised its position in J2 Global by 209.8% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 15,800 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 10,700 shares during the period. Congress Asset Management Co. MA raised its position in J2 Global by 1.9% in the 3rd quarter. Congress Asset Management Co. MA now owns 54,111 shares of the technology company’s stock worth $4,914,000 after purchasing an additional 1,013 shares during the period. Finally, Calamos Advisors LLC purchased a new position in J2 Global in the 4th quarter worth $2,046,000.
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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