GoDaddy (NYSE:GDDY – Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect GoDaddy to post earnings of $0.97 per share for the quarter. GoDaddy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
GoDaddy (NYSE:GDDY – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. On average, analysts expect GoDaddy to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
GoDaddy Stock Performance
Shares of GDDY stock opened at $122.42 on Wednesday. The stock has a market cap of $17.44 billion, a P/E ratio of 12.78 and a beta of 1.12. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47. The company has a fifty day moving average price of $119.33 and a two-hundred day moving average price of $105.87. GoDaddy has a one year low of $67.43 and a one year high of $127.15.
Insider Buying and Selling at GoDaddy
Wall Street Analysts Forecast Growth
GDDY has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of GoDaddy from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. raised their target price on shares of GoDaddy from $128.00 to $136.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Evercore ISI cut shares of GoDaddy from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $100.00 to $110.00 in a research note on Wednesday, February 14th. Raymond James began coverage on shares of GoDaddy in a research note on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 target price for the company. Finally, Piper Sandler raised their target price on shares of GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.18.
Check Out Our Latest Stock Analysis on GoDaddy
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.
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