Ziff Davis (NASDAQ:ZD) Posts Earnings Results

Ziff Davis (NASDAQ:ZD) released its quarterly earnings results on Monday. The technology company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.10), Zacks reports. Ziff Davis had a return on equity of 13.98% and a net margin of 4.52%.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded up $0.09 during trading hours on Monday, reaching $48.02. The stock had a trading volume of 622,025 shares, compared to its average volume of 311,089. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 40.70 and a beta of 1.36. Ziff Davis has a twelve month low of $37.76 and a twelve month high of $70.02. The business’s fifty day moving average is $53.95 and its two-hundred day moving average is $51.30. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZD. Barclays upped their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group reduced their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

About Ziff Davis

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.