GoDaddy (GDDY) Scheduled to Post Quarterly Earnings on Wednesday

GoDaddy (NYSE:GDDY - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. GoDaddy has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link.

GoDaddy (NYSE:GDDY - Get Free Report) last released its earnings results on Thursday, August 1st. The technology company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.06). GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.63 EPS. The company's revenue was up 7.3% on a year-over-year basis. On average, analysts expect GoDaddy to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

GoDaddy Stock Down 1.1 %

Shares of GDDY stock traded down $1.75 during midday trading on Wednesday, reaching $161.90. 636,904 shares of the stock were exchanged, compared to its average volume of 1,475,746. GoDaddy has a 1 year low of $71.15 and a 1 year high of $167.65. The company's 50 day moving average is $159.34 and its two-hundred day moving average is $145.44. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. The firm has a market cap of $23.10 billion, a PE ratio of 13.45 and a beta of 1.12.

Insider Buying and Selling at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 3,000 shares of GoDaddy stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.48, for a total transaction of $439,440.00. Following the completion of the sale, the chief executive officer now directly owns 362,398 shares of the company's stock, valued at approximately $53,084,059.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Roger Chen sold 4,000 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.48, for a total transaction of $585,920.00. Following the sale, the chief operating officer now owns 188,632 shares of the company's stock, valued at approximately $27,630,815.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.48, for a total transaction of $439,440.00. Following the sale, the chief executive officer now directly owns 362,398 shares in the company, valued at approximately $53,084,059.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,744 shares of company stock valued at $5,114,931 in the last 90 days. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GDDY. Raymond James raised their target price on GoDaddy from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Friday, August 2nd. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. Barclays lifted their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Piper Sandler reiterated a "neutral" rating and set a $172.00 price objective (up from $160.00) on shares of GoDaddy in a research note on Monday, September 23rd. Finally, Robert W. Baird boosted their target price on shares of GoDaddy from $175.00 to $190.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, GoDaddy has an average rating of "Moderate Buy" and an average price target of $166.54.

GoDaddy Company Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.