Zacks: Analysts Anticipate CDK Global Inc (NASDAQ:CDK) to Announce $0.84 EPS

Brokerages expect CDK Global Inc (NASDAQ:CDK) to announce earnings per share of $0.84 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for CDK Global’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.73. CDK Global reported earnings per share of $0.89 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.6%. The business is scheduled to announce its next earnings report on Wednesday, November 6th.

On average, analysts expect that CDK Global will report full year earnings of $3.73 per share for the current year, with EPS estimates ranging from $3.40 to $4.10. For the next year, analysts expect that the business will post earnings of $3.55 per share, with EPS estimates ranging from $3.49 to $3.61. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover CDK Global.

CDK Global (NASDAQ:CDK) last posted its earnings results on Tuesday, August 13th. The software maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. CDK Global had a net margin of 5.55% and a negative return on equity of 90.04%. The business had revenue of $488.60 million for the quarter, compared to analysts’ expectations of $585.10 million. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year.



CDK has been the topic of a number of recent research reports. ValuEngine raised shares of CDK Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of CDK Global from a “hold” rating to a “strong sell” rating in a research report on Monday. BidaskClub cut shares of CDK Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Finally, Barrington Research reissued a “buy” rating and set a $65.00 target price on shares of CDK Global in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $64.00.

In related news, General Counsel Lee J. Brunz sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $50.74, for a total value of $50,740.00. Following the sale, the general counsel now directly owns 37,927 shares of the company’s stock, valued at $1,924,415.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 2,000 shares of company stock worth $96,925 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in CDK Global in the first quarter valued at $33,000. Berman Capital Advisors LLC raised its holdings in CDK Global by 76.0% in the second quarter. Berman Capital Advisors LLC now owns 623 shares of the software maker’s stock valued at $30,000 after acquiring an additional 269 shares in the last quarter. Cordasco Financial Network acquired a new stake in CDK Global in the second quarter valued at $33,000. Wealthcare Advisory Partners LLC raised its holdings in CDK Global by 224.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 692 shares of the software maker’s stock valued at $34,000 after acquiring an additional 479 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in CDK Global during the second quarter valued at $44,000. 82.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ CDK traded down $1.25 during trading on Tuesday, reaching $43.57. 985,184 shares of the stock were exchanged, compared to its average volume of 985,864. The business’s 50-day moving average price is $49.85 and its 200 day moving average price is $53.59. CDK Global has a twelve month low of $43.10 and a twelve month high of $64.77. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.85.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a $0.15 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.60 annualized dividend and a yield of 1.38%. CDK Global’s dividend payout ratio is presently 19.11%.

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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