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Stock Monitor: Support.com Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 05, 2018 / Active-Investors.com has just released a free earnings report on j2 Global, Inc. (NASDAQ: JCOM). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JCOM. j2 Global reported its Q4 FY17 and FY17 operating and financial results on February 06, 2018. The internet and cloud services Company beat revenue expectations and provided guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Support.com, Inc. (NASDAQ: SPRT), which also belongs to the Technology sector as the Company j2 Global. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, j2 Global most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the three months ended December 31, 2017, j2 Global's quarterly revenues surged 25.7% to a Q4 record of $316.4 million compared to $251.8 million for Q4 2016. The Company's reported numbers topped analysts' estimates of $314.5 million.
For full year (FY) 2017, j2 Global's revenues advanced 27.9% to a record of $1.12 billion compared to $874.3 million for FY16.
For Q4 2017, j2 Global's adjusted EBITDA gained 21.8% to $141.9 million versus $116.5 million in Q4 2016.
During Q4 2017, j2 Global's GAAP net income increased 15.5% to $49.9 million compared to $43.2 million for Q4 2016. The Company's GAAP earnings per diluted share for the reported quarter advanced 14.6% to $1.02 versus $0.89 for the year earlier same quarter. j2 Global ‘s Q4 2017, non-GAAP earnings rose 20.1% to $1.79 per share compared to $1.49 per share for Q4 2016. j2 Global's earnings fell short of Wall Street's estimates of $1.81 per share.
For FY17, j2 Global GAAP net income decreased to $139.4 million, or $2.83 per share, compared to $152.4 million, or $3.13 per share, for FY16. The decline in earnings was primarily attributed to the increase in interest expense associated with the issuance of the $650 million 6.0% Senior Notes due in 2025, the loss on extinguishment of the $250 million 8.0% Senior Notes and the increased amortization expense associated with acquisitions, most notably Everyday Health.
For FY17, j2 Global's adjusted non-GAAP earnings per diluted share advanced 13.0% to $5.64 per share compared to $4.99 per share for FY16.
j2 Global's net cash provided by operating activities decreased 4.9% to $85.4 million compared to $89.8 million for Q4 2016. The Company's reported quarter free cash flow dropped 8.9% to $75.3 million compared to $82.7 million in the year earlier same quarter. The decline in free cash flow was due to a greater percentage of the revenues and EBITDA coming from the media business which has a longer collection cycle resulting in less cash inflows associated with accounts receivable of approximately $19.0 million in comparison to Q4 2016.
j2 Global ended Q4 2017 with approximately $408.7 million in cash and investments after deploying approximately $149.4 million during the reported quarter for acquisitions and the payment of the Company's regular quarterly dividends.
For fiscal 2018, j2 Global us forecasting revenue in the range of $1.20 billion and $1.25 billion. The Company is estimating adjusted EBITDA between $480 million and $505 million and adjusted non-GAAP earnings per diluted share in the band of $5.95 and $6.25. For FY18, j2 Global is anticipating non-GAAP effective tax rate for 2018 to be in the band of 23.0% and 25.0%.
Stock Performance Snapshot
March 02, 2018 - At Friday's closing bell, j2 Global's stock rose 2.36%, ending the trading session at $76.89.
Volume traded for the day: 271.45 thousand shares.
Stock performance in the previous six-month period – up 3.64%; and year-to-date – up 2.48%
After last Friday's close, j2 Global's market cap was at $3.64 billion.
Price to Earnings (P/E) ratio was at 24.35.
The stock has a dividend yield of 2.11%.
The stock is part of the Technology sector, categorized under the Internet Software & Services industry. This sector was up 1.0% at the end of the session.
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