Equities research analysts forecast that Godaddy Inc (NYSE:GDDY) will post $734.99 million in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have made estimates for Godaddy’s earnings, with estimates ranging from $733.90 million to $737.60 million. Godaddy reported sales of $651.60 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The business is scheduled to issue its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Godaddy will report full year sales of $2.99 billion for the current year, with estimates ranging from $2.98 billion to $3.00 billion. For the next year, analysts forecast that the company will post sales of $3.32 billion, with estimates ranging from $3.28 billion to $3.35 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Godaddy.
Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). Godaddy had a return on equity of 11.89% and a net margin of 3.17%. The business had revenue of $710.00 million during the quarter, compared to analysts’ expectations of $711.18 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis.
NYSE:GDDY opened at $74.35 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.76 and a current ratio of 0.82. Godaddy has a 1 year low of $56.67 and a 1 year high of $84.97. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 118.02, a PEG ratio of 6.42 and a beta of 0.67.
In other news, insider Nima Kelly sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $79.48, for a total transaction of $79,480.00. Following the transaction, the insider now owns 119,451 shares of the company’s stock, valued at approximately $9,493,965.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Rebecca Morrow sold 633 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $75.14, for a total value of $47,563.62. Following the transaction, the chief accounting officer now directly owns 8,079 shares in the company, valued at approximately $607,056.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 269,277 shares of company stock worth $20,340,937. Corporate insiders own 12.64% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC bought a new position in shares of Godaddy during the 4th quarter valued at approximately $27,000. Berman Capital Advisors LLC increased its position in shares of Godaddy by 205.4% during the 1st quarter. Berman Capital Advisors LLC now owns 452 shares of the technology company’s stock valued at $33,000 after purchasing an additional 304 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Godaddy by 65.4% during the 1st quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock valued at $43,000 after purchasing an additional 227 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Godaddy during the 1st quarter valued at approximately $45,000. Finally, Signaturefd LLC increased its position in shares of Godaddy by 36.0% during the 1st quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock valued at $54,000 after purchasing an additional 191 shares during the last quarter. 99.18% 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. 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.
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