J2 Global Inc (NASDAQ:JCOM) declared a quarterly dividend on Tuesday, February 6th, RTT News reports. Shareholders of record on Thursday, February 22nd will be paid a dividend of 0.405 per share by the technology company on Friday, March 9th. This represents a $1.62 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, February 21st. This is a positive change from J2 Global’s previous quarterly dividend of $0.40.
J2 Global (JCOM) traded up $1.06 during trading on Wednesday, hitting $74.33. The stock had a trading volume of 326,300 shares, compared to its average volume of 335,366. The firm has a market capitalization of $3,546.92, a P/E ratio of 26.27, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.79. J2 Global has a one year low of $70.27 and a one year high of $91.48.
J2 Global (NASDAQ:JCOM) last released its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.09. The business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS. equities research analysts predict that J2 Global will post 5.55 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of J2 Global in a report on Wednesday, February 7th. Robert W. Baird increased their target price on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub cut J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, DA Davidson initiated coverage on J2 Global in a research note on Friday, February 2nd. They set a “buy” rating and a $95.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $99.50.
About J2 Global
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. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).
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