Analysts expect CDK Global Inc (NASDAQ:CDK) to announce earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for CDK Global’s earnings, with estimates ranging from $0.82 to $0.85. CDK Global posted earnings per share of $0.65 during the same quarter last year, which would indicate a positive year over year growth rate of 29.2%. The firm is expected to report its next quarterly earnings report on Tuesday, May 1st.
On average, analysts expect that CDK Global will report full year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.28. For the next fiscal year, analysts forecast that the firm will report earnings of $4.10 per share, with EPS estimates ranging from $3.95 to $4.31. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover CDK Global.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $561.70 million during the quarter, compared to the consensus estimate of $564.94 million. CDK Global had a negative return on equity of 5,261.95% and a net margin of 14.29%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS.
CDK has been the subject of a number of recent analyst reports. Barrington Research set a $75.00 price objective on CDK Global and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded CDK Global from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, January 31st. Morgan Stanley upped their price objective on CDK Global from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. BidaskClub downgraded CDK Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $80.00 price objective (up previously from $75.00) on shares of CDK Global in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $76.80.
CDK Global (NASDAQ:CDK) opened at $70.25 on Monday. The stock has a market capitalization of $9,452.77, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67. The company has a debt-to-equity ratio of -11.19, a current ratio of 1.97 and a quick ratio of 1.97. CDK Global has a 12 month low of $59.33 and a 12 month high of $76.04.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. CDK Global’s payout ratio is 26.55%.
Several hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC grew its stake in shares of CDK Global by 11.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,579,837 shares of the software maker’s stock worth $112,611,000 after acquiring an additional 167,520 shares during the period. Prudential Financial Inc. grew its stake in shares of CDK Global by 1.8% during the 3rd quarter. Prudential Financial Inc. now owns 1,005,135 shares of the software maker’s stock worth $63,414,000 after acquiring an additional 17,596 shares during the period. Two Sigma Advisers LP grew its stake in shares of CDK Global by 50.5% during the 4th quarter. Two Sigma Advisers LP now owns 862,600 shares of the software maker’s stock worth $61,486,000 after acquiring an additional 289,400 shares during the period. Legal & General Group Plc grew its stake in shares of CDK Global by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 705,717 shares of the software maker’s stock worth $44,524,000 after acquiring an additional 2,501 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of CDK Global by 7.2% during the 4th quarter. Two Sigma Investments LP now owns 610,688 shares of the software maker’s stock worth $43,530,000 after acquiring an additional 41,261 shares during the period. Institutional investors own 89.62% of the company’s stock.
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About CDK Global
CDK Global, Inc provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.
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