Wall Street brokerages expect that Godaddy Inc (NYSE:GDDY) will announce earnings per share of $0.14 for the current quarter, Zacks reports. Ten analysts have issued estimates for Godaddy’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.03. Godaddy posted earnings per share of $0.11 during the same quarter last year, which indicates a positive year-over-year growth rate of 27.3%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Godaddy will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.24 to $0.52. For the next fiscal year, analysts anticipate that the company will post earnings of $0.80 per share, with EPS estimates ranging from $0.44 to $1.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Godaddy.
Godaddy (NYSE:GDDY) last released its earnings results on Tuesday, November 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Godaddy had a return on equity of 8.42% and a net margin of 4.96%. The firm had revenue of $679.50 million for the quarter, compared to the consensus estimate of $673.79 million. During the same quarter in the previous year, the business posted $0.17 EPS. Godaddy’s revenue was up 16.7% on a year-over-year basis.
GDDY has been the topic of a number of recent analyst reports. Citigroup upgraded shares of Godaddy from a “neutral” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research upgraded shares of Godaddy from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Wednesday, July 25th. Barclays raised their target price on shares of Godaddy from $77.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, July 23rd. TheStreet cut shares of Godaddy from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Finally, SunTrust Banks restated a “buy” rating and set a $87.00 target price on shares of Godaddy in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $77.87.
In related news, major shareholder 2006 Fund (Gdg) L.P. Kkr sold 3,500,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $75.61, for a total value of $264,635,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert R. Parsons sold 3,890,942 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $75.61, for a total transaction of $294,194,124.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,733,727 shares of company stock worth $585,453,642. Company insiders own 7.63% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board grew its holdings in shares of Godaddy by 26.0% in the third quarter. Canada Pension Plan Investment Board now owns 262,400 shares of the technology company’s stock valued at $21,882,000 after purchasing an additional 54,200 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Godaddy by 783.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 65,013 shares of the technology company’s stock valued at $5,288,000 after purchasing an additional 57,658 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Godaddy by 144.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,313 shares of the technology company’s stock valued at $10,366,000 after purchasing an additional 73,496 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Godaddy by 15.5% in the third quarter. BlackRock Inc. now owns 9,965,469 shares of the technology company’s stock valued at $831,020,000 after purchasing an additional 1,335,899 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Godaddy by 6.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,610 shares of the technology company’s stock valued at $4,637,000 after purchasing an additional 3,455 shares in the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.
NYSE GDDY opened at $64.46 on Friday. Godaddy has a 12 month low of $45.87 and a 12 month high of $84.97. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 153.48, a PEG ratio of 8.06 and a beta of 0.84. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.56.
Godaddy Company Profile
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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