$0.13 EPS Expected for Godaddy Inc (NYSE:GDDY) This Quarter

Wall Street analysts expect Godaddy Inc (NYSE:GDDY) to report earnings of $0.13 per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Godaddy’s earnings, with estimates ranging from ($0.04) to $0.23. Godaddy reported earnings per share of $0.42 in the same quarter last year, which suggests a negative year over year growth rate of 69%. The company is expected to announce its next quarterly earnings results on Wednesday, November 4th.

According to Zacks, analysts expect that Godaddy will report full year earnings of ($3.13) per share for the current fiscal year, with EPS estimates ranging from ($3.27) to ($2.93). For the next fiscal year, analysts anticipate that the business will post earnings of $1.46 per share, with EPS estimates ranging from $1.15 to $1.83. Zacks’ EPS averages are an average based on a survey of research analysts that cover Godaddy.

Godaddy (NYSE:GDDY) last announced its earnings results on Wednesday, August 5th. The technology company reported ($4.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($4.23). The company had revenue of $806.40 million for the quarter, compared to the consensus estimate of $797.91 million. Godaddy had a positive return on equity of 50.04% and a negative net margin of 15.72%.

GDDY has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Godaddy from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Raymond James raised Godaddy from an “outperform” rating to a “strong-buy” rating and set a $96.00 price objective for the company in a research report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and issued a $96.00 price objective on shares of Godaddy in a research report on Tuesday, August 11th. JMP Securities lifted their price objective on Godaddy from $93.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. raised Godaddy from a “neutral” rating to an “overweight” rating and set a $110.00 price objective for the company in a research report on Thursday, August 6th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $92.20.

In other Godaddy news, CFO Raymond E. Winborne, Jr. sold 40,000 shares of Godaddy stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $77.25, for a total transaction of $3,090,000.00. Following the completion of the transaction, the chief financial officer now owns 199,465 shares in the company, valued at approximately $15,408,671.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nima Kelly sold 4,375 shares of Godaddy stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $86.96, for a total value of $380,450.00. Following the transaction, the insider now owns 113,788 shares of the company’s stock, valued at approximately $9,895,004.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,800 shares of company stock valued at $4,599,971. 0.52% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC lifted its position in shares of Godaddy by 576.1% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 60,173 shares of the technology company’s stock worth $4,412,000 after buying an additional 51,273 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Godaddy by 1.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,982 shares of the technology company’s stock worth $9,825,000 after buying an additional 1,445 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Godaddy by 23.7% during the 2nd quarter. Principal Financial Group Inc. now owns 24,636 shares of the technology company’s stock worth $1,807,000 after buying an additional 4,725 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Godaddy by 13.3% during the 2nd quarter. Toronto Dominion Bank now owns 26,402 shares of the technology company’s stock worth $1,936,000 after buying an additional 3,104 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Godaddy by 109.0% during the 2nd quarter. Quadrature Capital Ltd now owns 25,351 shares of the technology company’s stock worth $1,859,000 after buying an additional 13,220 shares in the last quarter. Institutional investors and hedge funds own 97.42% of the company’s stock.

NYSE:GDDY traded up $1.42 during trading hours on Friday, hitting $77.39. 1,229,174 shares of the company were exchanged, compared to its average volume of 1,708,189. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of -25.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 4.85. Godaddy has a one year low of $40.25 and a one year high of $89.00. The company has a fifty day simple moving average of $78.62 and a 200 day simple moving average of $71.47.

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. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

Featured Article: Blockchain

Get a free copy of the Zacks research report on Godaddy (GDDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Godaddy (NYSE:GDDY)

Receive News & Ratings for Godaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Godaddy and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit