j2 Global Inc. (NASDAQ:JCOM) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $2.78-2.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.85, Stock Ratings News reports. The company issued revenue guidance of $510-535 million, compared to the consensus revenue estimate of $521.74 million.
On a related note, analysts at Wedbush raised their price target on shares of j2 Global from $51.00 to $60.00 in a research note to investors on Wednesday, November 6th. They now have an outperform rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $48.71.
j2 Global Inc. (NASDAQ:JCOM) opened at 45.46 on Wednesday. j2 Global Inc. has a 52-week low of $29.70 and a 52-week high of $56.24. The stock’s 50-day moving average is $50.58 and its 200-day moving average is $47.43. The company has a market cap of $2.085 billion and a P/E ratio of 18.24.
j2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, November 5th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.07. The company had revenue of $127.80 million for the quarter, compared to the consensus estimate of $130.43 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. On average, analysts predict that j2 Global Inc. will post $2.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a dividend of $0.26 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from j2 Global’s previous quarterly dividend of $0.25.
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.