Equities analysts expect Godaddy Inc (NYSE:GDDY) to post sales of $777.01 million for the current quarter, Zacks reports. Nine analysts have provided estimates for Godaddy’s earnings. The lowest sales estimate is $775.19 million and the highest is $780.03 million. Godaddy reported sales of $695.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.7%. The business is expected to report its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Godaddy will report full-year sales of $2.98 billion for the current financial year, with estimates ranging from $2.98 billion to $2.99 billion. For the next year, analysts anticipate that the business will report sales of $3.31 billion, with estimates ranging from $3.28 billion to $3.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Godaddy.
Godaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.20. Godaddy had a net margin of 4.10% and a return on equity of 19.05%. The firm had revenue of $760.50 million for the quarter, compared to analyst estimates of $761.04 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year.
In other news, COO Ah Kee Andrew Low sold 387 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.00, for a total value of $27,864.00. Following the transaction, the chief operating officer now owns 101,723 shares in the company, valued at approximately $7,324,056. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nima Kelly sold 11,929 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $71.36, for a total value of $851,253.44. Following the sale, the insider now directly owns 128,605 shares in the company, valued at approximately $9,177,252.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,166 shares of company stock valued at $1,880,603. Corporate insiders own 12.64% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC acquired a new stake in Godaddy during the second quarter worth approximately $249,000. Arizona State Retirement System purchased a new position in shares of Godaddy in the 2nd quarter valued at $2,275,000. Strs Ohio raised its stake in Godaddy by 157.1% during the 2nd quarter. Strs Ohio now owns 16,287 shares of the technology company’s stock worth $1,142,000 after acquiring an additional 9,953 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Godaddy during the 2nd quarter worth $295,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Godaddy by 2.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,689 shares of the technology company’s stock valued at $2,924,000 after acquiring an additional 849 shares during the last quarter. Hedge funds and other institutional investors own 97.39% of the company’s stock.
Shares of NYSE:GDDY traded down $0.52 during midday trading on Friday, reaching $66.80. 1,653,992 shares of the company’s stock were exchanged, compared to its average volume of 1,584,119. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 106.03, a P/E/G ratio of 5.90 and a beta of 0.67. Godaddy has a fifty-two week low of $58.19 and a fifty-two week high of $82.30. The firm’s 50 day simple moving average is $66.71 and its two-hundred day simple moving average is $67.97. The company has a debt-to-equity ratio of 3.78, a current ratio of 0.75 and a quick ratio of 0.75.
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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