CDK Global (NASDAQ:CDK) Releases FY 2020 Earnings Guidance

Share on StockTwits

CDK Global (NASDAQ:CDK) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus estimate of $4.11. The company issued revenue guidance of $2-2.05 billion, compared to the consensus revenue estimate of $2.39 billion.

NASDAQ:CDK opened at $43.73 on Friday. The company has a market cap of $5.77 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.23 and a beta of 0.85. The stock’s fifty day moving average price is $50.28 and its two-hundred day moving average price is $53.80. CDK Global has a 1 year low of $43.10 and a 1 year high of $64.77.

CDK Global (NASDAQ:CDK) last posted its earnings results on Tuesday, August 13th. The software maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $585.10 million. CDK Global had a negative return on equity of 105.36% and a net margin of 5.55%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. Equities analysts forecast that CDK Global will post 3.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. CDK Global’s dividend payout ratio is currently 19.11%.

CDK has been the topic of several recent research reports. Zacks Investment Research downgraded CDK Global from a buy rating to a hold rating in a research report on Monday, May 6th. ValuEngine upgraded CDK Global from a sell rating to a hold rating in a research report on Thursday, August 1st. Barrington Research restated a buy rating on shares of CDK Global in a research report on Monday, April 29th. Finally, BidaskClub downgraded CDK Global from a hold rating to a sell rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $67.75.

In related news, General Counsel Lee J. Brunz sold 1,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $50.74, for a total value of $50,740.00. Following the sale, the general counsel now owns 37,927 shares in the company, valued at $1,924,415.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

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.

Further Reading: If I purchase shares through a brokerage account, am I the holder of record?

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

Receive News & Ratings for CDK Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Equities Research Analysts’ Updated EPS Estimates for August, 16th
Equities Research Analysts’ Updated EPS Estimates for August, 16th
Analysts’ Upgrades for August, 16th
Analysts’ Upgrades for August, 16th
Insider Selling: Cadence Design Systems Inc  VP Sells $88,608.33 in Stock
Insider Selling: Cadence Design Systems Inc VP Sells $88,608.33 in Stock
Jack in the Box Inc.  EVP Sells $89,000.00 in Stock
Jack in the Box Inc. EVP Sells $89,000.00 in Stock
Insider Selling: Pan American Silver Corp.  Senior Officer Sells C$92,120.00 in Stock
Insider Selling: Pan American Silver Corp. Senior Officer Sells C$92,120.00 in Stock
Insider Selling: Adesto Technologies Corp  VP Sells $91,340.47 in Stock
Insider Selling: Adesto Technologies Corp VP Sells $91,340.47 in Stock


© 2006-2019 Ticker Report