Godaddy (NYSE:GDDY) Announces Earnings Results, Misses Expectations By $0.03 EPS
Godaddy (NYSE:GDDY) announced its earnings results on Thursday. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03), Fidelity Earnings reports. Godaddy had a net margin of 4.10% and a return on equity of 19.05%. The firm had revenue of $780.40 million during the quarter, compared to analyst estimates of $777.03 million. Godaddy updated its FY 2020
After-Hours guidance to EPS and its Q1 2020
After-Hours guidance to EPS.
Shares of NYSE:GDDY traded up $7.52 during trading on Friday, hitting $78.39. 4,947,067 shares of the company were exchanged, compared to its average volume of 1,311,570. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 118.77, a P/E/G ratio of 4.14 and a beta of 0.67. Godaddy has a fifty-two week low of $59.93 and a fifty-two week high of $82.30. The firm has a fifty day moving average price of $69.98 and a two-hundred day moving average price of $66.97. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 3.78.
In related news, Director Brian Sharples sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $72.79, for a total transaction of $61,871.50. Following the transaction, the director now directly owns 9,248 shares of the company’s stock, valued at approximately $673,161.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nima Kelly sold 576 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $66.82, for a total value of $38,488.32. Following the transaction, the insider now directly owns 126,226 shares in the company, valued at $8,434,421.32. The disclosure for this sale can be found here. Insiders have sold a total of 5,462 shares of company stock worth $372,963 in the last ninety days. Insiders own 12.64% 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. 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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