Wall Street brokerages expect that Godaddy Inc (NYSE:GDDY) will report sales of $673.30 million for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Godaddy’s earnings, with the lowest sales estimate coming in at $669.00 million and the highest estimate coming in at $675.00 million. Godaddy reported sales of $582.20 million in the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The firm is expected to announce its next quarterly earnings results on Monday, November 5th.

On average, analysts expect that Godaddy will report full year sales of $2.65 billion for the current year, with estimates ranging from $2.63 billion to $2.66 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.97 billion per share, with estimates ranging from $2.90 billion to $3.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Godaddy.

Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The business had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $643.59 million. During the same quarter last year, the company posted $0.10 earnings per share. Godaddy’s quarterly revenue was up 16.8% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Godaddy from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Wednesday, July 25th. Barclays boosted their price objective on Godaddy from $77.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, July 23rd. Morgan Stanley boosted their price objective on Godaddy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, August 6th. SunTrust Banks boosted their price objective on Godaddy to $87.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $90.00 price objective on shares of Godaddy in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Godaddy presently has a consensus rating of “Buy” and an average target price of $77.00.

In other news, insider Steven Aldrich sold 10,000 shares of Godaddy stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $70.52, for a total value of $705,200.00. Following the completion of the sale, the insider now directly owns 37,596 shares in the company, valued at $2,651,269.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert R. Parsons sold 3,890,942 shares of Godaddy stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $75.61, for a total transaction of $294,194,124.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,785,557 shares of company stock valued at $588,964,102. 7.63% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its position in shares of Godaddy by 4.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 19,627 shares of the technology company’s stock valued at $1,386,000 after buying an additional 793 shares in the last quarter. Comerica Bank raised its position in Godaddy by 16.9% during the second quarter. Comerica Bank now owns 5,832 shares of the technology company’s stock valued at $456,000 after purchasing an additional 842 shares in the last quarter. World Asset Management Inc raised its position in Godaddy by 25.2% during the second quarter. World Asset Management Inc now owns 5,394 shares of the technology company’s stock valued at $381,000 after purchasing an additional 1,085 shares in the last quarter. Guggenheim Capital LLC raised its position in Godaddy by 7.1% during the first quarter. Guggenheim Capital LLC now owns 20,846 shares of the technology company’s stock valued at $1,280,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Godaddy by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 16,045 shares of the technology company’s stock valued at $987,000 after purchasing an additional 1,526 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.

Godaddy stock opened at $84.00 on Friday. Godaddy has a 52 week low of $42.54 and a 52 week high of $84.45. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $14.28 billion, a P/E ratio of 200.00, a price-to-earnings-growth ratio of 8.88 and a beta of 0.63.

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. 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.

See Also: Book Value Per Share – BVPS

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Earnings History and Estimates for Godaddy (NYSE:GDDY)

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