Ziff Davis (NASDAQ:ZD – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 6.430-6.770 for the period, compared to the consensus earnings per share estimate of 6.580. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion.
Ziff Davis Stock Performance
NASDAQ:ZD traded down $0.91 during trading hours on Wednesday, hitting $54.48. 463,142 shares of the company traded hands, compared to its average volume of 307,509. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 66.44 and a beta of 1.24. Ziff Davis has a twelve month low of $49.50 and a twelve month high of $75.58. The firm has a 50-day moving average of $59.16 and a 200 day moving average of $63.14. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.53.
Ziff Davis (NASDAQ:ZD – Get Free Report) last announced its earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.02. The company had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. On average, analysts forecast that Ziff Davis will post 6.23 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on ZD
Insider Activity
In related news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.33% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Ziff Davis
- Most Volatile Stocks, What Investors Need to Know
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- What is the Hang Seng index?
- Generac Powers Ahead on the Electrification Mega-Trend
- How Can Investors Benefit From After-Hours Trading
- PulteGroup Wins and Wins More on Interest Rate Cuts
Receive News & Ratings for Ziff Davis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ziff Davis and related companies with MarketBeat.com's FREE daily email newsletter.