J2 Global, Inc. (NASDAQ:JCOM) Expected to Post Quarterly Sales of $365.25 Million


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Brokerages forecast that J2 Global, Inc. (NASDAQ:JCOM) will report $365.25 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for J2 Global’s earnings, with the highest sales estimate coming in at $369.10 million and the lowest estimate coming in at $357.10 million. J2 Global reported sales of $332.39 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.9%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, May 10th.

According to Zacks, analysts expect that J2 Global will report full-year sales of $1.65 billion for the current year, with estimates ranging from $1.65 billion to $1.66 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.76 billion, with estimates ranging from $1.72 billion to $1.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for J2 Global.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Thursday, February 11th. The technology company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.42. J2 Global had a net margin of 15.12% and a return on equity of 26.87%. The firm had revenue of $469.24 million for the quarter, compared to analyst estimates of $434.68 million.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of J2 Global from a “buy” rating to a “sell” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, January 5th. Piper Sandler reissued a “neutral” rating and issued a $139.00 target price (up previously from $122.00) on shares of J2 Global in a report on Monday, April 26th. Barclays raised their target price on J2 Global from $130.00 to $152.00 and gave the company an “equal weight” rating in a report on Tuesday, April 27th. Wedbush raised their target price on J2 Global from $100.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, February 16th. Finally, DA Davidson raised their target price on J2 Global from $130.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. J2 Global presently has an average rating of “Buy” and an average price target of $122.15.

Several large investors have recently added to or reduced their stakes in JCOM. Riggs Asset Managment Co. Inc. acquired a new position in shares of J2 Global during the 4th quarter worth $26,000. Perigon Wealth Management LLC acquired a new position in J2 Global in the 4th quarter valued at about $38,000. Eudaimonia Partners LLC acquired a new position in J2 Global in the 3rd quarter valued at about $61,000. First Citizens Bank & Trust Co. acquired a new position in J2 Global in the 4th quarter valued at about $227,000. Finally, Cerity Partners LLC acquired a new position in J2 Global in the 4th quarter valued at about $228,000.

NASDAQ:JCOM traded down $2.60 during midday trading on Thursday, reaching $119.45. The stock had a trading volume of 503,678 shares, compared to its average volume of 586,390. The firm has a fifty day simple moving average of $121.65 and a two-hundred day simple moving average of $101.72. J2 Global has a 12-month low of $53.24 and a 12-month high of $135.24. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.39 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.45 and a beta of 1.00.

J2 Global Company Profile

J2 Global, Inc provides internet services worldwide. It operates through three segments: Fax and Martech; Voice, Backup, Security, and Consumer Privacy and Protection; and Digital Media. The company offers cloud services, which include cloud fax services under the eFax, sFax, SRFax, MyFax, and eFax Corporate brands; endpoint and email security, and threat intelligence services for real-time malware analysis under the VIPRE brand; Inspired eLearning, a SaaS platform for cybersecurity awareness and compliance training; virtual private network services under the IPVanish and Encrypt.me names; online file backup, synchronization, and sharing services under the SugarSync name; and online backup and sync storage services under the LiveDrive name.

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

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