Analysts Anticipate CDK Global Inc (NASDAQ:CDK) Will Announce Earnings of $0.92 Per Share

Equities research analysts expect CDK Global Inc (NASDAQ:CDK) to report earnings per share (EPS) of $0.92 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for CDK Global’s earnings, with estimates ranging from $0.89 to $0.93. CDK Global reported earnings per share of $0.87 during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is expected to issue its next earnings report on Tuesday, August 13th.

On average, analysts expect that CDK Global will report full year earnings of $3.77 per share for the current fiscal year, with EPS estimates ranging from $3.74 to $3.78. For the next financial year, analysts forecast that the firm will report earnings of $4.07 per share, with EPS estimates ranging from $4.02 to $4.10. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for CDK Global.

CDK Global (NASDAQ:CDK) last posted its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. The company had revenue of $602.10 million for the quarter, compared to analyst estimates of $596.47 million. CDK Global had a net margin of 16.34% and a negative return on equity of 113.53%. During the same period last year, the business posted $0.85 EPS.



Several analysts have issued reports on the stock. BidaskClub lowered shares of CDK Global from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Friday, May 3rd. ValuEngine lowered shares of CDK Global from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Barrington Research restated a “buy” rating on shares of CDK Global in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. CDK Global presently has an average rating of “Hold” and a consensus price target of $67.75.

Several large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. lifted its holdings in shares of CDK Global by 3.1% during the 4th quarter. Whittier Trust Co. now owns 6,326 shares of the software maker’s stock worth $303,000 after acquiring an additional 192 shares during the period. Clearbridge Investments LLC lifted its holdings in CDK Global by 9.9% during the 1st quarter. Clearbridge Investments LLC now owns 2,230 shares of the software maker’s stock valued at $131,000 after purchasing an additional 200 shares during the last quarter. Aurora Investment Counsel lifted its holdings in CDK Global by 0.6% during the 1st quarter. Aurora Investment Counsel now owns 35,186 shares of the software maker’s stock valued at $2,070,000 after purchasing an additional 206 shares during the last quarter. Cardinal Capital Management lifted its holdings in CDK Global by 1.2% during the 1st quarter. Cardinal Capital Management now owns 18,524 shares of the software maker’s stock valued at $1,089,000 after purchasing an additional 213 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its holdings in CDK Global by 27.6% during the 4th quarter. Financial Advocates Investment Management now owns 1,045 shares of the software maker’s stock valued at $183,000 after purchasing an additional 226 shares during the last quarter. 82.65% of the stock is owned by institutional investors.

NASDAQ CDK traded up $0.12 during midday trading on Wednesday, hitting $49.16. The company had a trading volume of 562,914 shares, compared to its average volume of 1,022,456. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.32 and a beta of 0.89. CDK Global has a fifty-two week low of $44.01 and a fifty-two week high of $67.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, May 31st. 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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Earnings History and Estimates for CDK Global (NASDAQ:CDK)

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