Equities research analysts expect that CDK Global Inc (NASDAQ:CDK) will announce sales of $577.96 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for CDK Global’s earnings, with the lowest sales estimate coming in at $575.80 million and the highest estimate coming in at $580.50 million. CDK Global posted sales of $556.30 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The company is expected to announce its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that CDK Global will report full year sales of $577.96 million for the current financial year, with estimates ranging from $2.29 billion to $2.31 billion. For the next year, analysts anticipate that the business will post sales of $2.39 billion per share, with estimates ranging from $2.37 billion to $2.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover CDK Global.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.17. The business had revenue of $561.70 million for the quarter, compared to analyst estimates 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 was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS.
CDK Global (NASDAQ:CDK) traded down $0.68 during mid-day trading on Friday, hitting $70.80. The company had a trading volume of 326,079 shares, compared to its average volume of 1,298,413. The company has a debt-to-equity ratio of -11.19, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $9,618.24, a price-to-earnings ratio of 31.63, a P/E/G ratio of 1.46 and a beta of 0.70. CDK Global has a twelve month low of $59.33 and a twelve month high of $76.04.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors 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 dividend on an annualized basis and a yield of 0.85%. CDK Global’s payout ratio is currently 26.55%.
In other news, insider Rajiv K. Amar sold 1,968 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $69.85, for a total value of $137,464.80. Following the completion of the transaction, the insider now owns 11,072 shares of the company’s stock, valued at $773,379.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott L. Mathews sold 5,514 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $68.91, for a total value of $379,969.74. Following the completion of the transaction, the executive vice president now directly owns 48,520 shares of the company’s stock, valued at approximately $3,343,513.20. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in CDK. Wagner Wealth Management LLC acquired a new stake in shares of CDK Global in the fourth quarter valued at $112,000. Macquarie Group Ltd. acquired a new stake in shares of CDK Global in the third quarter valued at $145,000. Overbrook Management Corp acquired a new stake in shares of CDK Global in the fourth quarter valued at $203,000. Bredin Investment LLC acquired a new stake in shares of CDK Global in the fourth quarter valued at $203,000. Finally, Atlas Brown Inc. acquired a new stake in shares of CDK Global in the fourth quarter valued at $214,000. 85.65% of the stock is owned by institutional investors.
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CDK Global Company Profile
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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