Ziff Davis (ZD) Set to Announce Earnings on Wednesday

Ziff Davis (NASDAQ:ZD) will be posting its quarterly earnings results 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The firm had revenue of $389.89 million for the quarter, compared to the consensus estimate 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 Performance

Shares of ZD opened at $50.11 on Wednesday. The company’s 50 day moving average price is $60.90 and its 200 day moving average price is $63.56. Ziff Davis has a 52 week low of $49.99 and a 52 week high of $75.58. The company has a market capitalization of $2.31 billion, a PE ratio of 61.23 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76.

Insider Transactions at Ziff Davis

In other news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 7,261 shares in the company, valued at $504,131.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ZD. Barclays boosted their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Evercore ISI boosted their price objective on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Wedbush boosted their price objective on shares of Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, February 23rd. Finally, UBS Group reduced their target price on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.17.

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.