Ziff Davis Inc (NASDAQ: ZD ) reported mixed results for the second quarter after the closing bell on Thursday .
The company quarterly earnings of $1.03 per share which met the analyst consensus estimate. The company reported quarterly sales of $286.700 million which missed the analyst consensus estimate of $299.755 million.
“With the successful sale of our Connectivity business, our significant share repurchases, and our robust free cash flow, Ziff Davis is in a very strong financial position,” said Vivek Shah, CEO of Ziff Davis. “We are focused on deploying capital strategically to maximize long-term shareholder returns.”
Ziff Davis shares gained 0.5% to trade at $54.12 on Monday.
These analysts made changes to their price targets on Ziff Davis following earnings announcement.
Susquehanna analyst Shyam Patil maintained the stock with a Positive and raised the price target from $60 to $75. Citigroup analyst Ronald Josey maintained the stock with a Neutral and raised the price target from $48 to $59.Considering buying ZD stock? Here’s what analysts think:
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