Equities analysts forecast that Godaddy Inc (NYSE:GDDY) will announce sales of $693.38 million for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Godaddy’s earnings, with estimates ranging from $691.95 million to $695.00 million. Godaddy posted sales of $602.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 15.1%. The company is expected to report its next earnings results on Thursday, February 28th.
On average, analysts expect that Godaddy will report full year sales of $2.66 billion for the current financial year. For the next year, analysts expect that the firm will post sales of $2.98 billion, with estimates ranging from $2.92 billion to $3.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Godaddy.
Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). Godaddy had a net margin of 4.96% and a return on equity of 8.01%. The firm had revenue of $679.50 million for the quarter, compared to analyst estimates of $673.79 million. During the same period last year, the company earned $0.17 EPS. The company’s revenue was up 16.7% compared to the same quarter last year.
Shares of GDDY traded down $2.16 during trading hours on Wednesday, hitting $63.72. 2,071,674 shares of the stock traded hands, compared to its average volume of 1,754,921. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 3.29. Godaddy has a 1-year low of $47.61 and a 1-year high of $84.97. The firm has a market capitalization of $11.43 billion, a PE ratio of 151.71, a price-to-earnings-growth ratio of 11.43 and a beta of 0.79.
In other Godaddy news, insider Steven Aldrich sold 25,000 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $83.06, for a total value of $2,076,500.00. Following the transaction, the insider now owns 52,596 shares of the company’s stock, valued at $4,368,623.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Sharples sold 1,200 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $81.94, for a total value of $98,328.00. Following the completion of the transaction, the director now directly owns 14,982 shares in the company, valued at approximately $1,227,625.08. The disclosure for this sale can be found here. Insiders sold 107,761 shares of company stock worth $8,474,173 in the last three months. Insiders own 7.63% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC acquired a new stake in shares of Godaddy during the third quarter worth about $566,000. Vanguard Group Inc. raised its position in shares of Godaddy by 12.0% during the third quarter. Vanguard Group Inc. now owns 13,874,432 shares of the technology company’s stock worth $1,156,988,000 after purchasing an additional 1,486,378 shares during the period. Morgan Stanley raised its position in shares of Godaddy by 0.7% during the third quarter. Morgan Stanley now owns 292,420 shares of the technology company’s stock worth $24,386,000 after purchasing an additional 1,912 shares during the period. Legal & General Group Plc raised its position in shares of Godaddy by 210.2% during the third quarter. Legal & General Group Plc now owns 572,553 shares of the technology company’s stock worth $47,745,000 after purchasing an additional 387,961 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Godaddy by 7.7% during the third quarter. TIAA CREF Investment Management LLC now owns 2,066,093 shares of the technology company’s stock worth $172,291,000 after purchasing an additional 147,931 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.
Godaddy Company Profile
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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