GoDaddy (GDDY) Set to Announce Quarterly Earnings on Wednesday

GoDaddy (NYSE:GDDYGet Rating) will issue its quarterly earnings data after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. GoDaddy has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

GoDaddy (NYSE:GDDYGet Rating) last posted its quarterly earnings results on Thursday, February 10th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. GoDaddy had a negative return on equity of 805.65% and a net margin of 6.35%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $973.09 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. On average, analysts expect GoDaddy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

GDDY opened at $85.42 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 46.37. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 59.73, a PEG ratio of 2.60 and a beta of 1.00. GoDaddy has a 12-month low of $65.70 and a 12-month high of $90.43. The business’s fifty day simple moving average is $82.76 and its 200-day simple moving average is $76.75.

A number of brokerages recently weighed in on GDDY. StockNews.com began coverage on GoDaddy in a research note on Thursday, March 31st. They set a “buy” rating for the company. Morgan Stanley upped their price objective on GoDaddy from $81.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, February 14th. Benchmark began coverage on GoDaddy in a research note on Wednesday, April 13th. They set a “buy” rating and a $102.00 price objective for the company. Raymond James upped their price objective on GoDaddy from $100.00 to $107.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 11th. Finally, Piper Sandler upgraded GoDaddy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $94.00 to $110.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $100.00.

In other news, CAO Nick Daddario sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $82.47, for a total value of $115,458.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,026 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $81.96, for a total value of $493,890.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,949 shares of company stock valued at $1,550,449. Company insiders own 0.38% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GDDY. Morgan Stanley grew its holdings in GoDaddy by 73.1% in the second quarter. Morgan Stanley now owns 340,335 shares of the technology company’s stock valued at $29,595,000 after purchasing an additional 143,697 shares during the period. MML Investors Services LLC grew its holdings in GoDaddy by 5.3% in the fourth quarter. MML Investors Services LLC now owns 17,079 shares of the technology company’s stock valued at $1,449,000 after purchasing an additional 854 shares during the period. Sei Investments Co. lifted its position in shares of GoDaddy by 16.8% in the fourth quarter. Sei Investments Co. now owns 50,917 shares of the technology company’s stock valued at $4,316,000 after acquiring an additional 7,319 shares in the last quarter. Amalgamated Bank lifted its position in shares of GoDaddy by 3.0% in the fourth quarter. Amalgamated Bank now owns 17,450 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 503 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of GoDaddy by 261.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,145 shares of the technology company’s stock valued at $352,000 after acquiring an additional 2,997 shares in the last quarter.

About GoDaddy (Get Rating)

GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.

See Also

Earnings History for GoDaddy (NYSE:GDDY)

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