Equities research analysts expect that Godaddy Inc (NYSE:GDDY) will report $0.14 earnings per share for the current quarter, Zacks Investment Research reports. Ten analysts have made 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 reported earnings of $0.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.3%. The firm is expected to announce its next earnings report on Thursday, February 28th.
On average, analysts expect that Godaddy will report full year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.24 to $0.52. For the next year, analysts anticipate that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.44 to $1.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts 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 analysts’ consensus estimates of $0.18 by ($0.10). Godaddy had a net margin of 4.96% and a return on equity of 8.42%. The business had revenue of $679.50 million for the quarter, compared to analyst estimates of $673.79 million. During the same quarter last year, the business earned $0.17 EPS. Godaddy’s revenue for the quarter was up 16.7% compared to the same quarter last year.
A number of equities research analysts have weighed in on the company. TheStreet upgraded Godaddy from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Zacks Investment Research downgraded Godaddy from a “buy” rating to a “hold” rating in a report on Monday, August 13th. SunTrust Banks reaffirmed a “buy” rating and set a $87.00 target price on shares of Godaddy in a report on Monday, August 6th. Wedbush reaffirmed a “neutral” rating and set a $85.00 target price on shares of Godaddy in a report on Thursday, September 13th. Finally, JPMorgan Chase & Co. increased their target price on Godaddy to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $77.87.
Shares of NYSE GDDY opened at $64.46 on Friday. Godaddy has a fifty-two week low of $45.87 and a fifty-two week high of $84.97. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.56. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 153.48, a price-to-earnings-growth ratio of 8.06 and a beta of 0.84.
In related news, insider Steven Aldrich sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 52,596 shares of the company’s stock, valued at approximately $4,368,623.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Sharples sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $81.94, for a total value of $98,328.00. Following the completion of the sale, the director now directly owns 14,982 shares in the company, valued at approximately $1,227,625.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,733,727 shares of company stock worth $585,453,642. 7.63% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado lifted its holdings in shares of Godaddy by 4.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 19,627 shares of the technology company’s stock worth $1,386,000 after purchasing an additional 793 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Godaddy by 14.7% in the 3rd quarter. Prudential Financial Inc. now owns 6,230 shares of the technology company’s stock worth $520,000 after purchasing an additional 800 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Godaddy by 13.8% in the 3rd quarter. CIBC Asset Management Inc now owns 6,819 shares of the technology company’s stock worth $569,000 after purchasing an additional 826 shares during the last quarter. Comerica Bank lifted its holdings in shares of Godaddy by 16.9% in the 2nd quarter. Comerica Bank now owns 5,832 shares of the technology company’s stock worth $456,000 after purchasing an additional 842 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in shares of Godaddy by 11.4% in the 3rd quarter. WINTON GROUP Ltd now owns 9,724 shares of the technology company’s stock worth $811,000 after purchasing an additional 993 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.
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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