GoDaddy (NYSE:GDDY – Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect GoDaddy to post earnings of $0.97 per share for the quarter. GoDaddy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
GoDaddy (NYSE:GDDY – Get Free Report) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, analysts expect GoDaddy to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
GoDaddy Stock Performance
Shares of GDDY opened at $123.79 on Thursday. GoDaddy has a 12 month low of $67.43 and a 12 month high of $127.15. The company’s fifty day moving average is $118.20 and its 200-day moving average is $104.29. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 61.07. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 12.92 and a beta of 1.12.
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Analyst Upgrades and Downgrades
Several research analysts recently commented on GDDY shares. UBS Group lifted their target price on shares of GoDaddy from $110.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Robert W. Baird raised their target price on GoDaddy from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Raymond James began coverage on GoDaddy in a report on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 price target for the company. Piper Sandler raised their price objective on shares of GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Finally, StockNews.com raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, GoDaddy has a consensus rating of “Moderate Buy” and an average price target of $135.18.
Get Our Latest Research Report on GoDaddy
About GoDaddy
GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.
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