Godaddy Inc to Post FY2018 Earnings of $0.47 Per Share, Summit Insights Forecasts (GDDY)
Godaddy Inc (NYSE:GDDY) – Research analysts at Summit Insights dropped their FY2018 earnings per share (EPS) estimates for Godaddy in a report issued on Thursday, November 15th. Summit Insights analyst J. Kees now anticipates that the technology company will post earnings per share of $0.47 for the year, down from their previous forecast of $0.52. Summit Insights also issued estimates for Godaddy’s Q4 2018 earnings at $0.27 EPS.
Godaddy (NYSE:GDDY) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). The firm had revenue of $679.50 million for the quarter, compared to the consensus estimate of $673.79 million. Godaddy had a net margin of 4.96% and a return on equity of 8.01%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share.
Shares of NYSE GDDY opened at $60.10 on Monday. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 143.10, a PEG ratio of 10.88 and a beta of 0.84. Godaddy has a twelve month low of $45.87 and a twelve month high of $84.97.
Large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC acquired a new position in Godaddy during the 2nd quarter valued at about $138,000. O Shaughnessy Asset Management LLC purchased a new stake in Godaddy during the 3rd quarter valued at about $150,000. Korea Investment CORP purchased a new stake in Godaddy during the 3rd quarter valued at about $153,000. Itau Unibanco Holding S.A. purchased a new stake in Godaddy during the 2nd quarter valued at about $189,000. Finally, FDx Advisors Inc. purchased a new stake in Godaddy during the 3rd quarter valued at about $202,000. 94.29% of the stock is currently owned by institutional investors.
In related news, CFO Raymond E. Winborne, Jr. sold 50,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $77.50, for a total transaction of $3,875,000.00. Following the transaction, the chief financial officer now directly owns 101,831 shares of the company’s stock, valued at approximately $7,891,902.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Arne Josefsberg sold 33,803 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $73.45, for a total value of $2,482,830.35. Following the transaction, the executive vice president now directly owns 33,348 shares in the company, valued at $2,449,410.60. The disclosure for this sale can be found here. Insiders have sold a total of 287,119 shares of company stock worth $22,393,345 over the last ninety days. 7.63% of the stock is currently owned by corporate insiders.
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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