$0.07 EPS Expected for GoDaddy Inc. (GDDY) This Quarter
Equities research analysts forecast that GoDaddy Inc. (NYSE:GDDY) will post earnings per share (EPS) of $0.07 for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for GoDaddy’s earnings, with estimates ranging from ($0.07) to $0.14. GoDaddy posted earnings per share of $0.05 in the same quarter last year, which would suggest a positive year over year growth rate of 40%. The company is expected to report its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that GoDaddy will report full year earnings of $0.26 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.44. For the next year, analysts anticipate that the business will post earnings of $0.66 per share, with EPS estimates ranging from $0.13 to $1.00. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow GoDaddy.
GoDaddy (NYSE:GDDY) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. The company had revenue of $557.80 million during the quarter, compared to the consensus estimate of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share.
Several research analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price target on shares of GoDaddy in a research note on Wednesday, September 20th. BidaskClub upgraded shares of GoDaddy from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. B. Riley reiterated a “buy” rating and issued a $53.00 price target on shares of GoDaddy in a research note on Saturday, August 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of GoDaddy in a research note on Saturday, August 26th. Finally, SunTrust Banks, Inc. assumed coverage on shares of GoDaddy in a research note on Tuesday, August 15th. They issued a “buy” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.47.
GoDaddy (NYSE:GDDY) traded up 0.51% during midday trading on Thursday, hitting $43.51. 770,269 shares of the stock traded hands. The stock’s 50-day moving average price is $44.09 and its 200-day moving average price is $44.09. The stock has a market capitalization of $4.84 billion, a P/E ratio of 342.60 and a beta of 0.64. GoDaddy has a 52 week low of $31.63 and a 52 week high of $45.37.
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In other news, Director Robert R. Parsons sold 5,817,338 shares of GoDaddy stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $43.71, for a total value of $254,275,843.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lake Group L.L.C. Silver sold 5,773,272 shares of GoDaddy stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $43.71, for a total transaction of $252,349,719.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,322,948 shares of company stock valued at $538,117,592. 25.70% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in GDDY. FMR LLC grew its stake in shares of GoDaddy by 40.9% in the second quarter. FMR LLC now owns 10,839,221 shares of the technology company’s stock worth $459,800,000 after acquiring an additional 3,148,349 shares during the period. Vanguard Group Inc. grew its stake in shares of GoDaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock worth $320,434,000 after acquiring an additional 1,598,137 shares during the period. Marshall Wace North America L.P. grew its stake in shares of GoDaddy by 280.7% in the second quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock worth $89,635,000 after acquiring an additional 1,573,572 shares during the period. Ameriprise Financial Inc. grew its stake in shares of GoDaddy by 273.0% in the second quarter. Ameriprise Financial Inc. now owns 1,241,565 shares of the technology company’s stock worth $52,668,000 after acquiring an additional 908,685 shares during the period. Finally, Laurion Capital Management LP bought a new stake in shares of GoDaddy in the second quarter worth approximately $33,449,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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