Wall Street brokerages expect that GoDaddy (NYSE:GDDY) will report $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for GoDaddy’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.21. GoDaddy reported earnings per share of $0.13 in the same quarter last year, which would indicate a negative year-over-year growth rate of 46.2%. The business is scheduled to announce its next earnings results on Tuesday, August 14th.
On average, analysts expect that GoDaddy will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.90. For the next financial year, analysts anticipate that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.25 to $1.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow GoDaddy.
GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, May 8th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $622.54 million. GoDaddy had a return on equity of 11.05% and a net margin of 6.18%. The firm’s revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share.
A number of analysts recently commented on the company. Morgan Stanley lifted their price target on GoDaddy from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Royal Bank of Canada raised their target price on GoDaddy to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 9th. Piper Jaffray Companies raised their target price on GoDaddy to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 9th. B. Riley raised their target price on GoDaddy from $53.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays raised their target price on GoDaddy from $53.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $66.93.
In related news, insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $1,963,150.00. Following the completion of the transaction, the insider now directly owns 46,113 shares in the company, valued at $2,586,478.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Rebecca Morrow sold 500 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $62.36, for a total value of $31,180.00. Following the transaction, the insider now owns 5,674 shares of the company’s stock, valued at $353,830.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,625,305 shares of company stock valued at $808,225,673. 7.63% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. American International Group Inc. purchased a new position in GoDaddy during the fourth quarter worth about $150,000. QS Investors LLC purchased a new position in GoDaddy during the fourth quarter worth about $156,000. AXA purchased a new position in GoDaddy during the fourth quarter worth about $201,000. US Bancorp DE grew its position in GoDaddy by 10,297.6% during the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock worth $214,000 after buying an additional 4,222 shares in the last quarter. Finally, Jefferies Group LLC purchased a new position in GoDaddy during the fourth quarter worth about $231,000. Institutional investors and hedge funds own 92.08% of the company’s stock.
Shares of GoDaddy traded down $0.55, reaching $70.79, during trading hours on Monday, MarketBeat.com reports. The company had a trading volume of 3,947,400 shares, compared to its average volume of 1,452,977. GoDaddy has a 12 month low of $40.22 and a 12 month high of $71.81. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of $12.19 billion, a PE ratio of 168.55, a P/E/G ratio of 8.55 and a beta of 0.55.
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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