j2 Global (JCOM) Given News Sentiment Rating of 0.14
Media coverage about j2 Global (NASDAQ:JCOM) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. j2 Global earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.6218403915931 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
JCOM has been the subject of a number of research reports. BidaskClub cut j2 Global from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine cut j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Citigroup Inc. decreased their target price on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, August 7th. Robert W. Baird reiterated a “buy” rating and set a $94.00 target price on shares of j2 Global in a report on Friday, September 1st. Finally, Zacks Investment Research cut j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $100.60.
Shares of j2 Global (NASDAQ:JCOM) opened at 74.13 on Friday. The stock’s 50 day moving average price is $75.63 and its 200-day moving average price is $82.77. The stock has a market cap of $3.58 billion, a PE ratio of 24.83 and a beta of 0.97. j2 Global has a one year low of $62.55 and a one year high of $91.48.
j2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The firm had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $271.89 million. During the same period last year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, equities analysts predict that j2 Global will post $5.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a dividend of $0.385 per share. The ex-dividend date of this dividend was Thursday, August 10th. This is an increase from j2 Global’s previous quarterly dividend of $0.38. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.08%. j2 Global’s dividend payout ratio (DPR) is 51.68%.
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j2 Global Company Profile
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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