Godaddy Inc Expected to Post Q3 2018 Earnings of $0.10 Per Share (GDDY)

Godaddy Inc (NYSE:GDDY) – Research analysts at Wedbush issued their Q3 2018 earnings per share (EPS) estimates for Godaddy in a note issued to investors on Wednesday, October 24th. Wedbush analyst Y. Arounian expects that the technology company will earn $0.10 per share for the quarter. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for Godaddy’s Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.33 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.77 EPS.

Godaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $652.00 million during the quarter, compared to the consensus estimate of $643.59 million. Godaddy had a net margin of 5.83% and a return on equity of 8.78%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share.



Several other equities research analysts also recently weighed in on GDDY. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Godaddy in a report on Friday, July 20th. Zacks Investment Research downgraded shares of Godaddy from a “buy” rating to a “hold” rating in a report on Monday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of Godaddy to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 3rd. SunTrust Banks upped their price objective on shares of Godaddy to $87.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Finally, Morgan Stanley upped their price target on shares of Godaddy from $72.00 to $81.00 and gave the company an “overweight” rating in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Godaddy has a consensus rating of “Buy” and an average price target of $77.60.

GDDY stock opened at $70.39 on Monday. The stock has a market capitalization of $12.42 billion, a P/E ratio of 167.60, a P/E/G ratio of 8.01 and a beta of 0.63. Godaddy has a fifty-two week low of $45.87 and a fifty-two week high of $84.97. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.73 and a quick ratio of 0.73.

In other Godaddy news, major shareholder 2006 Fund (Gdg) L.P. Kkr sold 3,500,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $75.61, for a total transaction of $264,635,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven Aldrich sold 14,185 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $76.01, for a total value of $1,078,201.85. Following the sale, the insider now owns 41,781 shares in the company, valued at approximately $3,175,773.81. The disclosure for this sale can be found here. Insiders sold a total of 7,789,360 shares of company stock valued at $589,718,410 over the last three months. 7.63% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Godaddy by 61.1% during the 2nd quarter. BlackRock Inc. now owns 8,629,570 shares of the technology company’s stock worth $609,247,000 after buying an additional 3,271,953 shares during the period. Renaissance Technologies LLC raised its holdings in Godaddy by 9.6% during the 2nd quarter. Renaissance Technologies LLC now owns 4,154,300 shares of the technology company’s stock worth $293,294,000 after buying an additional 364,800 shares during the period. First Trust Advisors LP raised its holdings in Godaddy by 20.8% during the 2nd quarter. First Trust Advisors LP now owns 3,549,257 shares of the technology company’s stock worth $250,578,000 after buying an additional 611,798 shares during the period. Voya Investment Management LLC raised its holdings in Godaddy by 599.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,833,104 shares of the technology company’s stock worth $129,417,000 after buying an additional 1,571,091 shares during the period. Finally, Bank of America Corp DE raised its holdings in Godaddy by 154.4% during the 2nd quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after buying an additional 1,029,426 shares during the period. Hedge funds and other institutional investors own 93.64% of the company’s stock.

About Godaddy

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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Earnings History and Estimates for Godaddy (NYSE:GDDY)

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