$0.81 EPS Expected for CDK Global Inc (NASDAQ:CDK) This Quarter

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Equities research analysts expect CDK Global Inc (NASDAQ:CDK) to announce earnings of $0.81 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for CDK Global’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.79. CDK Global reported earnings of $0.98 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 17.3%. The business is expected to announce its next quarterly earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that CDK Global will report full-year earnings of $3.42 per share for the current year, with EPS estimates ranging from $3.40 to $3.44. For the next financial year, analysts forecast that the firm will post earnings of $3.58 per share, with EPS estimates ranging from $3.51 to $3.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover CDK Global.

CDK Global (NASDAQ:CDK) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. CDK Global had a negative return on equity of 72.27% and a net margin of 5.32%. The firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $485.00 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year.

Several research analysts have weighed in on the company. ValuEngine downgraded CDK Global from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Morgan Stanley assumed coverage on CDK Global in a report on Thursday, December 5th. They issued an “equal weight” rating and a $57.00 price target for the company. Zacks Investment Research downgraded CDK Global from a “buy” rating to a “hold” rating in a report on Tuesday. Barrington Research reiterated a “buy” rating and issued a $65.00 price target on shares of CDK Global in a report on Monday, August 19th. Finally, BidaskClub upgraded CDK Global from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.25.

In other CDK Global news, General Counsel Lee J. Brunz sold 1,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the transaction, the general counsel now directly owns 42,569 shares in the company, valued at approximately $2,204,648.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 2,000 shares of company stock valued at $98,045 over the last quarter. 0.36% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CDK. Berman Capital Advisors LLC grew its stake in shares of CDK Global by 76.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 623 shares of the software maker’s stock valued at $30,000 after buying an additional 269 shares during the period. River & Mercantile Asset Management LLP acquired a new stake in shares of CDK Global in the second quarter valued at approximately $31,000. AdvisorNet Financial Inc increased its stake in shares of CDK Global by 73.9% in the third quarter. AdvisorNet Financial Inc now owns 654 shares of the software maker’s stock valued at $31,000 after purchasing an additional 278 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of 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 purchasing an additional 479 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of CDK Global in the third quarter valued at approximately $37,000. 81.70% of the stock is owned by institutional investors.

CDK traded down $0.55 during trading on Thursday, hitting $53.46. The company’s stock had a trading volume of 1,385,780 shares, compared to its average volume of 905,421. The firm’s 50 day moving average price is $52.05 and its 200-day moving average price is $48.97. The stock has a market cap of $6.50 billion, a PE ratio of 17.03, a PEG ratio of 1.59 and a beta of 0.91. CDK Global has a twelve month low of $41.50 and a twelve month high of $63.90.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 1.12%. CDK Global’s dividend payout ratio (DPR) 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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