Ziff Davis (ZD) Scheduled to Post Earnings on Wednesday

Ziff Davis (NASDAQ:ZD) will post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Ziff Davis to post earnings of $1.37 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). Ziff Davis had a net margin of 6.90% and a return on equity of 14.29%. The business had revenue of $326.02 million during the quarter, compared to the consensus estimate of $321.16 million. On average, analysts expect Ziff Davis to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Ziff Davis Stock Up 3.5 %

Ziff Davis stock opened at $62.01 on Monday. The company has a current ratio of 2.46, a quick ratio of 2.47 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $63.74 and its two-hundred day moving average price is $66.50. Ziff Davis has a 1-year low of $57.97 and a 1-year high of $94.58. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 32.13 and a beta of 1.21.

Institutional Investors Weigh In On Ziff Davis

Several hedge funds have recently bought and sold shares of the stock. Rice Hall James & Associates LLC bought a new stake in shares of Ziff Davis in the 1st quarter worth approximately $63,717,000. Raymond James & Associates bought a new stake in Ziff Davis during the 1st quarter valued at $3,469,000. US Bancorp DE bought a new stake in Ziff Davis during the 1st quarter valued at $539,000. HighTower Advisors LLC bought a new stake in Ziff Davis during the 1st quarter valued at $241,000. Finally, Citigroup Inc. bought a new stake in Ziff Davis during the 1st quarter valued at $707,000. 99.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ZD. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research report on Wednesday, August 9th. UBS Group began coverage on shares of Ziff Davis in a research report on Monday, September 25th. They issued a “neutral” rating and a $81.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.86.

Ziff Davis Company Profile

Ziff Davis, Inc 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.com, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.