Ziff Davis (NASDAQ:ZD) Updates FY 2022 Earnings Guidance

Ziff Davis (NASDAQ:ZDGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.52-$6.79 for the period, compared to the consensus earnings per share estimate of $6.68. The company issued revenue guidance of $1.50 billion-$1.53 billion, compared to the consensus revenue estimate of $1.52 billion.

Several brokerages have commented on ZD. Robert W. Baird decreased their price target on shares of Ziff Davis from $125.00 to $100.00 in a research note on Thursday, May 12th. Susquehanna Bancshares reduced their target price on shares of Ziff Davis from $225.00 to $140.00 in a report on Thursday, May 12th. Susquehanna reduced their target price on shares of Ziff Davis from $225.00 to $140.00 in a report on Thursday, May 12th. JMP Securities reduced their target price on shares of Ziff Davis from $145.00 to $110.00 and set a market outperform rating on the stock in a report on Monday, May 23rd. Finally, Wedbush reduced their target price on shares of Ziff Davis from $150.00 to $90.00 in a report on Thursday, May 12th.

Shares of NASDAQ:ZD opened at $77.00 on Tuesday. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 8.45 and a beta of 1.06. Ziff Davis has a 12 month low of $71.98 and a 12 month high of $147.35. The firm’s 50-day moving average is $87.21 and its 200 day moving average is $97.65. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.60.

Ziff Davis (NASDAQ:ZDGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The technology company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.21 by $0.02. The company had revenue of $315.10 million for the quarter, compared to the consensus estimate of $319.49 million. Ziff Davis had a net margin of 27.66% and a return on equity of 22.44%. The firm’s revenue was down 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.09 EPS. As a group, equities analysts forecast that Ziff Davis will post 6.31 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. purchased a new stake in shares of Ziff Davis in the 1st quarter worth approximately $25,000. Captrust Financial Advisors purchased a new stake in shares of Ziff Davis in the 1st quarter worth approximately $100,000. LSV Asset Management purchased a new stake in shares of Ziff Davis in the 1st quarter worth approximately $153,000. Verition Fund Management LLC purchased a new stake in shares of Ziff Davis in the 1st quarter worth approximately $202,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Ziff Davis in the 1st quarter worth approximately $222,000. 99.88% of the stock is owned by institutional investors.

Ziff Davis Company Profile (Get Rating)

Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

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