Wall Street brokerages expect CDK Global Inc (NASDAQ:CDK) to announce earnings per share of $0.94 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for CDK Global’s earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.92. CDK Global posted earnings of $0.85 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The firm is scheduled to issue its next earnings report on Thursday, April 25th.
On average, analysts expect that CDK Global will report full-year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $3.78. For the next financial year, analysts anticipate that the business will post earnings of $4.23 per share, with EPS estimates ranging from $4.01 to $4.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow CDK Global.
Get CDK Global alerts:CDK Global (NASDAQ:CDK) last issued its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.12. CDK Global had a negative return on equity of 135.00% and a net margin of 16.36%. The firm had revenue of $590.40 million during the quarter, compared to the consensus estimate of $578.91 million. During the same period last year, the business posted $0.87 EPS. The business’s revenue was up 5.1% compared to the same quarter last year.
CDK has been the topic of a number of research analyst reports. Morgan Stanley set a $62.00 price objective on shares of CDK Global and gave the stock a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research raised shares of CDK Global from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Oppenheimer set a $67.00 price objective on shares of CDK Global and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Barrington Research set a $80.00 price objective on shares of CDK Global and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Finally, BidaskClub raised shares of CDK Global from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $67.25.
In other CDK Global news, insider Neil Packham purchased 588 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average price of $47.76 per share, with a total value of $28,082.88. Following the transaction, the insider now owns 588 shares in the company, valued at $28,082.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bruderman Asset Management LLC lifted its position in CDK Global by 722.7% in the 4th quarter. Bruderman Asset Management LLC now owns 543 shares of the software maker’s stock valued at $26,000 after acquiring an additional 477 shares in the last quarter. CX Institutional bought a new position in CDK Global in the 4th quarter valued at about $27,000. Essex Investment Management Co. LLC bought a new position in CDK Global in the 4th quarter valued at about $30,000. Laurel Wealth Advisors LLC bought a new position in CDK Global in the 4th quarter valued at about $32,000. Finally, Financial Advocates Investment Management lifted its position in CDK Global by 27.6% in the 4th quarter. Financial Advocates Investment Management now owns 1,045 shares of the software maker’s stock valued at $183,000 after acquiring an additional 226 shares in the last quarter. 82.05% of the stock is currently owned by institutional investors and hedge funds.
CDK Global stock traded up $0.91 during trading hours on Monday, reaching $58.19. 1,606,803 shares of the company’s stock were exchanged, compared to its average volume of 1,371,006. CDK Global has a twelve month low of $44.01 and a twelve month high of $71.70. The company has a market cap of $7.26 billion, a P/E ratio of 19.14, a PEG ratio of 1.55 and a beta of 0.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.60 annualized dividend and a yield of 1.03%. CDK Global’s payout ratio is 19.74%.
CDK Global Company Profile
CDK Global, Inc provides software and technology solutions for automotive retailers in the United States and internationally. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. The company offers Dealer Management System (DMS), a portfolio of layered software applications and services for automotive retailers, original equipment manufacturers (OEMs), consumers, and other industry participants manage the acquisition, sale, financing, insuring, parts supply, and repair and maintenance of vehicles.
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