Analysts expect Godaddy Inc (NYSE:GDDY) to announce earnings per share (EPS) of $0.13 for the current quarter, Zacks reports. Eleven analysts have issued estimates for Godaddy’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.27. Godaddy reported earnings of $0.11 per share during the same quarter last year, which suggests a positive year over year growth rate of 18.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that Godaddy will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.24 to $0.47. For the next fiscal year, analysts anticipate that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.44 to $1.24. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Godaddy.
Godaddy (NYSE:GDDY) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Godaddy had a net margin of 4.96% and a return on equity of 8.01%. The firm had revenue of $679.50 million during the quarter, compared to analyst estimates of $673.79 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year.
GDDY has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Godaddy from $72.00 to $81.00 and gave the company an “overweight” rating in a research note on Monday, August 6th. SunTrust Banks reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Godaddy in a research note on Monday, August 6th. Zacks Investment Research cut Godaddy from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. TheStreet raised Godaddy from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Godaddy in a research note on Thursday, September 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $78.07.
Shares of NYSE GDDY opened at $65.26 on Monday. Godaddy has a twelve month low of $45.87 and a twelve month high of $84.97. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $11.32 billion, a PE ratio of 155.38, a PEG ratio of 11.32 and a beta of 0.84.
In related news, insider Nima Kelly sold 530 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $66.74, for a total transaction of $35,372.20. Following the completion of the transaction, the insider now directly owns 96,986 shares of the company’s stock, valued at approximately $6,472,845.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Aldrich sold 25,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $83.06, for a total value of $2,076,500.00. Following the transaction, the insider now directly owns 52,596 shares of the company’s stock, valued at $4,368,623.76. The disclosure for this sale can be found here. Insiders have sold a total of 108,961 shares of company stock valued at $8,571,229 over the last three months. 7.63% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC purchased a new stake in Godaddy during the 3rd quarter worth about $150,000. Korea Investment CORP purchased a new stake in Godaddy during the 3rd quarter worth about $153,000. Itau Unibanco Holding S.A. purchased a new stake in Godaddy during the 2nd quarter worth about $189,000. FDx Advisors Inc. purchased a new stake in Godaddy during the 3rd quarter worth about $202,000. Finally, IBM Retirement Fund purchased a new stake in Godaddy during the 3rd quarter worth about $218,000. 94.29% of the stock is owned by hedge funds and other institutional investors.
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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