Wall Street analysts forecast that GoDaddy Inc. (NYSE:GDDY – Get Rating) will announce sales of $988.33 million for the current quarter, according to Zacks. Eight analysts have provided estimates for GoDaddy’s earnings, with estimates ranging from $985.14 million to $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 scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that GoDaddy will report full-year sales of $4.15 billion for the current fiscal year, with estimates ranging from $4.15 billion to $4.16 billion. For the next financial year, analysts expect that the firm will post sales of $4.57 billion, with estimates ranging from $4.51 billion to $4.62 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow GoDaddy.
GoDaddy (NYSE:GDDY – Get Rating) last posted its earnings results on Thursday, February 10th. The technology company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.11. GoDaddy had a net margin of 6.35% and a negative return on equity of 805.65%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $973.09 million. During the same period in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year.
GDDY opened at $81.74 on Wednesday. GoDaddy has a fifty-two week low of $65.70 and a fifty-two week high of $90.43. 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 price-to-earnings ratio of 57.16, a PEG ratio of 2.46 and a beta of 0.96. The company’s 50 day moving average price is $82.87 and its two-hundred day moving average price is $77.25.
In related news, CEO Amanpal Singh Bhutani sold 9,254 shares of the stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $80.68, for a total transaction of $746,612.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Nick Daddario sold 1,400 shares of the company’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $82.47, for a total transaction of $115,458.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,843 shares of company stock worth $1,542,282. 0.38% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ellevest Inc. raised its holdings in GoDaddy by 1,340.9% during the first quarter. Ellevest Inc. now owns 317 shares of the technology company’s stock worth $27,000 after buying an additional 295 shares during the last quarter. Norwood Financial Corp acquired a new position in GoDaddy during the fourth quarter worth $34,000. Tobam raised its holdings in GoDaddy by 524.5% during the third quarter. Tobam now owns 662 shares of the technology company’s stock worth $46,000 after buying an additional 556 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new position in GoDaddy during the fourth quarter worth $47,000. Finally, Steward Partners Investment Advisory LLC raised its holdings 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 valued at $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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