Wall Street analysts expect Godaddy Inc (NYSE:GDDY) to post sales of $760.53 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Godaddy’s earnings, with the highest sales estimate coming in at $767.00 million and the lowest estimate coming in at $756.50 million. Godaddy posted sales of $679.50 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, November 6th.
According to Zacks, analysts expect that Godaddy will report full-year sales of $2.99 billion for the current financial year, with estimates ranging from $2.98 billion to $3.00 billion. For the next financial year, analysts anticipate that the company will report sales of $3.32 billion, with estimates ranging from $3.28 billion to $3.36 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Godaddy.
Godaddy (NYSE:GDDY) last posted its earnings results on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The business had revenue of $737.20 million during the quarter, compared to analyst estimates of $735.40 million. Godaddy had a net margin of 1.98% and a return on equity of 11.44%. Godaddy’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share.
NYSE GDDY opened at $63.45 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $11.52 billion, a PE ratio of 100.71, a price-to-earnings-growth ratio of 9.60 and a beta of 0.69. The company has a 50 day moving average price of $64.47 and a two-hundred day moving average price of $70.82. Godaddy has a 12-month low of $56.67 and a 12-month high of $82.30.
In other news, insider Rebecca Morrow sold 384 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $74.90, for a total value of $28,761.60. Following the completion of the sale, the insider now directly owns 8,316 shares in the company, valued at $622,868.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nima Kelly sold 2,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $74.54, for a total transaction of $149,080.00. Following the completion of the sale, the insider now owns 128,009 shares of the company’s stock, valued at $9,541,790.86. The disclosure for this sale can be found here. Insiders sold 10,037 shares of company stock valued at $668,230 over the last 90 days. 12.64% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Advisor Group Inc. raised its stake in Godaddy by 1.5% during the 2nd quarter. Advisor Group Inc. now owns 10,545 shares of the technology company’s stock valued at $740,000 after purchasing an additional 155 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in Godaddy by 4.6% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 3,827 shares of the technology company’s stock valued at $268,000 after purchasing an additional 168 shares during the last quarter. First Hawaiian Bank raised its stake in Godaddy by 2.0% during the 3rd quarter. First Hawaiian Bank now owns 9,280 shares of the technology company’s stock valued at $612,000 after purchasing an additional 180 shares during the last quarter. World Asset Management Inc raised its stake in Godaddy by 3.5% during the 2nd quarter. World Asset Management Inc now owns 5,777 shares of the technology company’s stock valued at $405,000 after purchasing an additional 194 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its stake in Godaddy by 80.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 508 shares of the technology company’s stock valued at $35,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 96.69% of the company’s stock.
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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