Equities analysts forecast that Godaddy Inc (NYSE:GDDY) will post sales of $673.30 million for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Godaddy’s earnings, with estimates ranging from $669.00 million to $675.00 million. Godaddy reported sales of $582.20 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The company is scheduled to announce its next earnings report on Monday, November 5th.
On average, analysts expect that Godaddy will report full-year sales of $2.65 billion for the current financial year, with estimates ranging from $2.63 billion to $2.66 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.97 billion per share, with estimates ranging from $2.90 billion to $3.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Godaddy.
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 Thomson Reuters’ consensus estimate of $0.08 by $0.03. Godaddy had a net margin of 5.83% and a return on equity of 8.78%. The company had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $643.59 million. During the same period in the prior year, the company posted $0.10 earnings per share. Godaddy’s revenue for the quarter was up 16.8% compared to the same quarter last year.
GDDY opened at $80.14 on Tuesday. Godaddy has a twelve month low of $42.19 and a twelve month high of $80.81. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.56. The firm has a market cap of $13.60 billion, a PE ratio of 190.81, a PEG ratio of 8.46 and a beta of 0.58.
In other news, insider Steven Aldrich sold 10,000 shares of Godaddy stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $70.52, for a total transaction of $705,200.00. Following the completion of the transaction, the insider now directly owns 37,596 shares in the company, valued at $2,651,269.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arne Josefsberg sold 45,000 shares of Godaddy stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $78.50, for a total transaction of $3,532,500.00. Following the transaction, the executive vice president now owns 13,117 shares of the company’s stock, valued at $1,029,684.50. The disclosure for this sale can be found here. Insiders sold 7,787,445 shares of company stock valued at $589,013,294 over the last 90 days. Corporate insiders own 7.63% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GDDY. Winslow Capital Management LLC acquired a new position in shares of Godaddy during the first quarter valued at about $257,700,000. BlackRock Inc. grew its holdings in shares of Godaddy by 61.1% during the second quarter. BlackRock Inc. now owns 8,629,570 shares of the technology company’s stock valued at $609,247,000 after buying an additional 3,271,953 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Godaddy by 599.6% during the second quarter. Voya Investment Management LLC now owns 1,833,104 shares of the technology company’s stock valued at $129,417,000 after buying an additional 1,571,091 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Godaddy by 154.4% during the second quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock valued at $119,738,000 after buying an additional 1,029,426 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Godaddy by 157.6% during the first quarter. Millennium Management LLC now owns 1,072,631 shares of the technology company’s stock valued at $65,881,000 after buying an additional 656,261 shares during the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.
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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