J2 Global (NASDAQ:JCOM) Updates FY 2021 Earnings Guidance

J2 Global (NASDAQ:JCOM) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $9.270-9.510 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.100. The company issued revenue guidance of $1.68 billion-1.70 billion, compared to the consensus revenue estimate of $1.65 billion.

JCOM has been the topic of several research reports. Piper Sandler reiterated a neutral rating and set a $139.00 price objective (up previously from $122.00) on shares of J2 Global in a research note on Monday, April 26th. Wedbush raised their price target on J2 Global from $140.00 to $150.00 and gave the stock an outperform rating in a report on Wednesday, May 12th. JMP Securities increased their target price on J2 Global from $120.00 to $130.00 and gave the stock an outperform rating in a research report on Tuesday, February 16th. Citigroup boosted their price target on shares of J2 Global from $100.00 to $140.00 in a report on Thursday, February 18th. Finally, Barclays increased their price objective on shares of J2 Global from $130.00 to $152.00 and gave the stock an equal weight rating in a report on Wednesday, April 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $123.17.

J2 Global stock traded down $0.11 during trading hours on Thursday, hitting $127.48. 11,017 shares of the company traded hands, compared to its average volume of 565,979. J2 Global has a 1-year low of $53.24 and a 1-year high of $135.24. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.81 and a beta of 1.06. The firm’s 50-day moving average price is $123.74. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Monday, May 10th. The technology company reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.61. The business had revenue of $398.20 million for the quarter, compared to analyst estimates of $362.11 million. J2 Global had a net margin of 15.11% and a return on equity of 31.85%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the business earned $1.40 earnings per share. Analysts anticipate that J2 Global will post 8.86 EPS for the current year.

In related news, Director Douglas Y. Bech sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $127.98, for a total value of $383,940.00. Following the sale, the director now directly owns 135,176 shares in the company, valued at approximately $17,299,824.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeremy Rossen sold 4,256 shares of the stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $122.07, for a total transaction of $519,529.92. Following the sale, the vice president now directly owns 10,869 shares of the company’s stock, valued at $1,326,778.83. The disclosure for this sale can be found here. Corporate insiders own 5.42% of the company’s stock.

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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