Analysts predict that GoDaddy Inc. (NYSE:GDDY – Get Rating) will announce sales of $988.33 million for the current quarter, according to Zacks. Eight analysts have made estimates for GoDaddy’s earnings. The lowest sales estimate is $985.14 million and the highest is $993.68 million. GoDaddy posted sales of $901.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that GoDaddy will report full-year sales of $4.15 billion for the current financial year, with estimates ranging from $4.15 billion to $4.16 billion. For the next financial year, analysts anticipate that the company will post sales of $4.57 billion, with estimates ranging from $4.51 billion to $4.62 billion. Zacks’ sales averages are an average based on a survey of research firms that cover GoDaddy.
GoDaddy (NYSE:GDDY – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The technology company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.11. GoDaddy had a negative return on equity of 805.65% and a net margin of 6.35%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $973.09 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis.
GoDaddy stock opened at $81.74 on Wednesday. GoDaddy has a one year low of $65.70 and a one year high of $90.43. The business has a fifty day moving average price of $82.87 and a 200-day moving average price of $77.25. The company has a debt-to-equity ratio of 46.37, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $13.69 billion, a P/E ratio of 57.16, a PEG ratio of 2.46 and a beta of 0.96.
In other news, CEO Amanpal Singh Bhutani sold 6,026 shares of GoDaddy 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Nick Daddario sold 1,400 shares of GoDaddy 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 disclosure for this sale can be found here. Insiders have sold 18,843 shares of company stock worth $1,542,282 in the last 90 days. Company insiders own 0.38% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellevest Inc. grew its stake in shares of GoDaddy by 1,340.9% in the first quarter. Ellevest Inc. now owns 317 shares of the technology company’s stock worth $27,000 after purchasing an additional 295 shares during the last quarter. Norwood Financial Corp bought a new stake in shares of GoDaddy in the fourth quarter worth about $34,000. Tobam grew its stake in shares of GoDaddy by 524.5% in the third quarter. Tobam now owns 662 shares of the technology company’s stock worth $46,000 after purchasing an additional 556 shares during the last quarter. Desjardins Global Asset Management Inc. bought a new stake in shares of GoDaddy in the fourth quarter worth about $47,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of GoDaddy by 179.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 558 shares of the technology company’s stock worth $47,000 after purchasing an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 98.38% of the company’s stock.
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.
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