Ziff Davis (ZD) Set to Announce Earnings on Wednesday

Ziff Davis (NASDAQ:ZD) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Ziff Davis to post earnings of $1.05 per share for the quarter. Ziff Davis has set its FY 2024 guidance at 6.430-6.770 EPS and its FY24 guidance at $6.43-6.77 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.02. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. The company had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. On average, analysts expect Ziff Davis to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ziff Davis Trading Up 2.0 %

Shares of ZD stock opened at $54.97 on Tuesday. Ziff Davis has a 1-year low of $49.50 and a 1-year high of $75.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.76 and a quick ratio of 2.76. The business’s fifty day moving average price is $59.44 and its 200 day moving average price is $63.19. The firm has a market capitalization of $2.54 billion, a PE ratio of 67.04 and a beta of 1.24.

Wall Street Analysts Forecast Growth

ZD has been the topic of several research analyst reports. JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday, May 2nd. Evercore ISI upped their target price on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Wedbush lifted their price target on Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, February 23rd. Finally, Barclays lifted their target price on shares of Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ziff Davis currently has an average rating of “Moderate Buy” and a consensus price target of $79.57.

Insider Buying and Selling

In other news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the completion of the sale, the executive vice president now directly owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.08% of the stock is currently owned by company insiders.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.