GoDaddy Inc. (GDDY) to Release Quarterly Earnings on Monday
GoDaddy Inc. (NYSE:GDDY) is set to issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
GoDaddy (NYSE:GDDY) last announced its earnings results 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. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The company had revenue of $557.80 million for the quarter, compared to analysts’ expectations of $551.26 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts expect GoDaddy to post $0.29 EPS for the current fiscal year and $0.68 EPS for the next fiscal year.
Shares of GoDaddy Inc. (GDDY) traded down 0.95% during midday trading on Monday, reaching $46.10. 261,116 shares of the company’s stock traded hands. The stock’s 50 day moving average is $44.19 and its 200-day moving average is $44.19. GoDaddy Inc. has a 52 week low of $31.63 and a 52 week high of $46.55. The company has a market capitalization of $5.13 billion, a PE ratio of 362.99 and a beta of 0.62.
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GDDY has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $53.00 price objective on shares of GoDaddy in a research note on Monday, August 14th. Deutsche Bank AG increased their price objective on GoDaddy from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, August 14th. BidaskClub lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. SunTrust Banks, Inc. initiated coverage on GoDaddy in a research note on Tuesday, August 15th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Jefferies Group LLC initiated coverage on GoDaddy in a research note on Thursday, August 24th. They set a “buy” rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. GoDaddy presently has an average rating of “Buy” and an average target price of $47.46.
In other GoDaddy news, insider Auguste Goldman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $41.86, for a total value of $418,600.00. Following the sale, the insider now directly owns 15,491 shares of the company’s stock, valued at approximately $648,453.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Nima Kelly sold 8,112 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $46.00, for a total value of $373,152.00. Following the completion of the sale, the executive vice president now directly owns 37,046 shares in the company, valued at $1,704,116. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,333,060 shares of company stock worth $538,828,169. 22.68% of the stock is owned by corporate insiders.
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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