Godaddy (NYSE:GDDY) posted its quarterly earnings results on Thursday. The technology company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.44, Briefing.com reports. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $594.60 million. Godaddy had a net margin of 2.34% and a return on equity of 7.89%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS.
Shares of Godaddy (NYSE GDDY) traded down $0.27 during trading on Thursday, reaching $55.43. 1,390,000 shares of the company’s stock traded hands, compared to its average volume of 1,010,000. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. Godaddy has a one year low of $35.72 and a one year high of $56.86. The company has a market cap of $9,220.00 and a PE ratio of 426.38.
GDDY has been the topic of several recent analyst reports. Jefferies Group raised their price target on shares of Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating and issued a $53.00 price target on shares of Godaddy in a research note on Wednesday, January 3rd. Oppenheimer reaffirmed a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. TheStreet raised shares of Godaddy from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, Wedbush initiated coverage on shares of Godaddy in a research note on Friday, December 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $52.86.
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GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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