Analysts Anticipate GoDaddy Inc. (GDDY) to Post $0.08 Earnings Per Share
Equities analysts expect that GoDaddy Inc. (NYSE:GDDY) will report $0.08 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for GoDaddy’s earnings. The highest EPS estimate is $0.18 and the lowest is ($0.07). GoDaddy posted earnings per share of $0.05 during the same quarter last year, which would suggest a positive year over year growth rate of 60%. The business is scheduled to report its next earnings results on Wednesday, November 1st.
On average, analysts expect that GoDaddy will report full year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.49. For the next year, analysts anticipate that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.13 to $1.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover GoDaddy.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. The business had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. GoDaddy’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share.
A number of research analysts have commented on GDDY shares. BidaskClub raised GoDaddy from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. B. Riley reaffirmed a “buy” rating and issued a $53.00 price objective on shares of GoDaddy in a report on Saturday, August 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GoDaddy in a report on Saturday, August 26th. Jefferies Group LLC started coverage on GoDaddy in a report on Thursday, August 24th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, SunTrust Banks, Inc. started coverage on GoDaddy in a report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. GoDaddy presently has a consensus rating of “Buy” and an average target price of $46.47.
Shares of GoDaddy (NYSE:GDDY) traded down 1.16% on Friday, reaching $43.52. The company had a trading volume of 2,119,167 shares. The company’s 50-day moving average price is $42.93 and its 200-day moving average price is $40.33. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 342.68 and a beta of 0.64. GoDaddy has a 52-week low of $31.63 and a 52-week high of $45.33.
In other GoDaddy news, insider Auguste Goldman sold 1,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $41.07, for a total value of $41,070.00. Following the completion of the transaction, the insider now directly owns 6,491 shares in the company, valued at $266,585.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nima Kelly sold 8,112 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $45.00, for a total value of $365,040.00. Following the completion of the transaction, the executive vice president now owns 39,856 shares of the company’s stock, valued at $1,793,520. The disclosure for this sale can be found here. Insiders sold 741,528 shares of company stock valued at $31,614,819 over the last quarter. Corporate insiders own 25.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado raised its position in GoDaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after purchasing an additional 986 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of GoDaddy by 215.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock worth $105,000 after acquiring an additional 1,891 shares during the last quarter. Parallel Advisors LLC raised its position in shares of GoDaddy by 10.1% during the first quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock worth $105,000 after acquiring an additional 250 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of GoDaddy during the second quarter worth about $118,000. Finally, Sei Investments Co. raised its position in shares of GoDaddy by 160.4% during the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock worth $158,000 after acquiring an additional 2,283 shares during the last quarter.
GoDaddy Company Profile
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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