$0.67 EPS Expected for CDK Global, Inc. (NASDAQ:CDK) This Quarter

Analysts expect that CDK Global, Inc. (NASDAQ:CDK) will post earnings per share (EPS) of $0.67 for the current quarter, according to Zacks. Three analysts have provided estimates for CDK Global’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.65. CDK Global reported earnings of $0.82 per share during the same quarter last year, which suggests a negative year over year growth rate of 18.3%. The business is expected to report its next quarterly earnings report on Monday, November 1st.

According to Zacks, analysts expect that CDK Global will report full-year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.88. For the next financial year, analysts expect that the company will post earnings of $3.16 per share, with EPS estimates ranging from $2.88 to $3.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for CDK Global.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Monday, August 16th. The software maker reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). The company had revenue of $420.10 million for the quarter, compared to analyst estimates of $428.10 million. CDK Global had a return on equity of 5,754.17% and a net margin of 59.00%. CDK Global’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share.

A number of brokerages have commented on CDK. Morgan Stanley decreased their target price on CDK Global from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, August 18th. Zacks Investment Research cut CDK Global from a “hold” rating to a “strong sell” rating in a research report on Monday, August 23rd. Finally, TheStreet cut CDK Global from a “b-” rating to a “c+” rating in a research report on Tuesday, July 13th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $62.20.

Shares of CDK stock opened at $43.76 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 3.21. The business has a 50 day moving average of $44.18 and a two-hundred day moving average of $49.60. CDK Global has a 52 week low of $39.78 and a 52 week high of $55.51. The company has a market cap of $5.29 billion, a P/E ratio of 5.20 and a beta of 1.37.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, August 31st. CDK Global’s dividend payout ratio (DPR) is presently 27.03%.

In other news, General Counsel Lee J. Brunz sold 1,447 shares of CDK Global stock in a transaction on Monday, September 13th. The stock was sold at an average price of $42.96, for a total transaction of $62,163.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of CDK Global by 5.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 245,917 shares of the software maker’s stock worth $12,220,000 after acquiring an additional 12,660 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of CDK Global during the 2nd quarter worth $6,454,000. Marshall Wace North America L.P. bought a new stake in shares of CDK Global during the 2nd quarter worth $12,818,000. Morgan Stanley boosted its stake in shares of CDK Global by 42.0% during the 2nd quarter. Morgan Stanley now owns 1,710,256 shares of the software maker’s stock worth $84,982,000 after acquiring an additional 505,952 shares in the last quarter. Finally, KB Financial Partners LLC boosted its stake in shares of CDK Global by 41.4% during the 2nd quarter. KB Financial Partners LLC now owns 8,391 shares of the software maker’s stock worth $417,000 after acquiring an additional 2,458 shares in the last quarter. 86.20% of the stock is owned by institutional investors and hedge funds.

CDK Global Company Profile

CDK Global, Inc engages in the provision of integrated information technology and digital marketing solutions to the automotive, heavy truck, recreation, and heavy equipment industries. The firm focuses on providing a suite of subscription-based software and technology solutions for automotive retailers in North America.

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Earnings History and Estimates for CDK Global (NASDAQ:CDK)

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