Equities analysts forecast that Godaddy Inc (NYSE:GDDY) will announce sales of $693.38 million for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Godaddy’s earnings, with estimates ranging from $691.95 million to $695.00 million. Godaddy posted sales of $602.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 15.1%. The company is expected to report its next earnings results on Thursday, February 28th.
On average, analysts expect that Godaddy will report full year sales of $2.66 billion for the current financial year. For the next year, analysts expect that the firm will post sales of $2.98 billion, with estimates ranging from $2.92 billion to $3.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Godaddy.
Godaddy (NYSE:GDDY) last issued 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 8.01% and a net margin of 4.96%. The firm had revenue of $679.50 million for the quarter, compared to analysts’ expectations of $673.79 million. During the same period last year, the firm earned $0.17 earnings per share. Godaddy’s revenue for the quarter was up 16.7% on a year-over-year basis.
A number of equities research analysts have weighed in on GDDY shares. Wedbush reiterated a “neutral” rating and set a $85.00 price target on shares of Godaddy in a research report on Thursday, September 13th. Zacks Investment Research upgraded shares of Godaddy from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Monday, October 1st. TheStreet upgraded shares of Godaddy from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. SunTrust Banks reiterated a “buy” rating and set a $87.00 price target on shares of Godaddy in a research report on Friday, November 2nd. Finally, Citigroup upgraded shares of Godaddy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $78.07.
In related news, EVP Arne Josefsberg sold 45,000 shares of Godaddy stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $80.28, for a total value of $3,612,600.00. Following the completion of the transaction, the executive vice president now owns 31,545 shares in the company, valued at $2,532,432.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 1,200 shares of Godaddy stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $81.94, for a total transaction of $98,328.00. Following the completion of the transaction, the director now owns 14,982 shares of the company’s stock, valued at approximately $1,227,625.08. The disclosure for this sale can be found here. Insiders sold 107,761 shares of company stock valued at $8,474,173 in the last 90 days. Company insiders own 7.63% of the company’s stock.
Several hedge funds have recently made changes to their positions in GDDY. Aperio Group LLC grew its holdings in Godaddy by 82.1% during the 3rd quarter. Aperio Group LLC now owns 31,827 shares of the technology company’s stock worth $2,654,000 after acquiring an additional 14,347 shares in the last quarter. IBM Retirement Fund acquired a new position in Godaddy during the 3rd quarter worth approximately $218,000. Swiss National Bank grew its holdings in Godaddy by 4.3% during the 3rd quarter. Swiss National Bank now owns 513,500 shares of the technology company’s stock worth $42,821,000 after acquiring an additional 21,400 shares in the last quarter. US Bancorp DE grew its holdings in Godaddy by 25.6% during the 2nd quarter. US Bancorp DE now owns 7,649 shares of the technology company’s stock worth $540,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Godaddy by 154.4% during the 2nd quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after acquiring an additional 1,029,426 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.
GDDY stock traded down $2.16 during trading on Wednesday, reaching $63.72. 2,071,674 shares of the stock were exchanged, compared to its average volume of 1,754,921. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.71 and a quick ratio of 0.71. Godaddy has a 1 year low of $47.61 and a 1 year high of $84.97. The company has a market capitalization of $11.43 billion, a PE ratio of 151.71, a price-to-earnings-growth ratio of 11.43 and a beta of 0.79.
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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