Analysts expect that CDK Global Inc (NASDAQ:CDK) will announce earnings of $0.75 per share for the current quarter, according to Zacks. Three analysts have provided estimates for CDK Global’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.73. CDK Global posted earnings per share of $0.89 during the same quarter last year, which would indicate a negative year over year growth rate of 15.7%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, November 5th.
According to Zacks, analysts expect that CDK Global will report full-year earnings of $3.41 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.41. For the next fiscal 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’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for CDK Global.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings data on Tuesday, August 13th. The software maker reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 firm 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 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year.
NASDAQ CDK traded up $0.13 on Friday, hitting $48.33. 605,996 shares of the stock were exchanged, compared to its average volume of 827,457. CDK Global has a 52-week low of $41.50 and a 52-week high of $63.90. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.44 and a beta of 0.92. The company’s 50-day moving average price is $46.06 and its two-hundred day moving average price is $50.34.
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, August 30th. CDK Global’s dividend payout ratio (DPR) is currently 19.11%.
Several large investors have recently modified their holdings of the business. Berman Capital Advisors LLC lifted its stake in shares of CDK Global by 76.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 623 shares of the software maker’s stock valued at $30,000 after purchasing an additional 269 shares during the last quarter. River & Mercantile Asset Management LLP bought a new stake in CDK Global in the second quarter valued at about $31,000. Cordasco Financial Network bought a new stake in CDK Global in the second quarter valued at about $33,000. Wealthcare Advisory Partners LLC increased its stake 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 during the period. Finally, Point72 Asset Management L.P. bought a new stake in CDK Global in the second quarter valued at about $44,000. 81.37% of the stock is owned by institutional investors.
About CDK Global
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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