Ziff Davis (ZD) Set to Announce Earnings on Wednesday

Ziff Davis (NASDAQ:ZD) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Ziff Davis to post earnings of $1.05 per share for the quarter. Ziff Davis has set its FY 2024 guidance at 6.430-6.770 EPS and its FY24 guidance at $6.43-6.77 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The business had revenue of $389.89 million during the quarter, compared to analysts’ expectations of $400.71 million. On average, analysts expect Ziff Davis to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Ziff Davis Stock Up 0.5 %

NASDAQ ZD opened at $53.88 on Monday. Ziff Davis has a twelve month low of $49.50 and a twelve month high of $75.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76. The stock has a market cap of $2.49 billion, a PE ratio of 65.71 and a beta of 1.24. The firm has a 50-day simple moving average of $59.72 and a 200 day simple moving average of $63.24.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ZD shares. Wedbush increased their price target on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research report on Friday, February 23rd. JPMorgan Chase & Co. raised shares of Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research report on Thursday. Evercore ISI increased their price target on shares of Ziff Davis from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Barclays raised their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.57.

Insider Buying and Selling

In related news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the transaction, the executive vice president now owns 7,261 shares in the company, valued at approximately $504,131.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.08% of the stock is currently owned by corporate insiders.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.