Wall Street analysts expect CDK Global (NASDAQ:CDK) to report earnings of $0.82 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for CDK Global’s earnings, with estimates ranging from $0.78 to $0.84. CDK Global posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 49.1%. The company is scheduled to announce its next earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that CDK Global will report full year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.19 to $3.24. For the next financial year, analysts forecast that the company will post earnings of $4.02 per share, with EPS estimates ranging from $3.98 to $4.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover CDK Global.
CDK Global (NASDAQ:CDK) last announced its earnings results on Thursday, April 26th. The software maker reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The business had revenue of $576.60 million for the quarter, compared to the consensus estimate of $578.11 million. CDK Global had a net margin of 14.99% and a negative return on equity of 361.64%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share.
Several research firms recently commented on CDK. Zacks Investment Research downgraded shares of CDK Global from a “buy” rating to a “hold” rating in a research note on Monday, April 30th. Morgan Stanley reduced their price target on shares of CDK Global from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, April 27th. Barrington Research reaffirmed a “hold” rating on shares of CDK Global in a research note on Thursday, April 26th. BidaskClub cut shares of CDK Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 21st. Finally, Wells Fargo reiterated an “outperform” rating and set a $80.00 target price (up from $75.00) on shares of CDK Global in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. CDK Global presently has a consensus rating of “Hold” and a consensus target price of $74.80.
In other news, insider Rajiv K. Amar sold 1,968 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $69.85, for a total value of $137,464.80. Following the sale, the insider now directly owns 11,072 shares in the company, valued at approximately $773,379.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott L. Mathews sold 5,514 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $68.91, for a total transaction of $379,969.74. Following the completion of the sale, the executive vice president now owns 48,520 shares in the company, valued at $3,343,513.20. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Wagner Wealth Management LLC bought a new stake in shares of CDK Global in the 4th quarter valued at about $112,000. Overbrook Management Corp bought a new stake in shares of CDK Global in the 4th quarter valued at about $203,000. Bredin Investment LLC bought a new stake in shares of CDK Global in the 4th quarter valued at about $203,000. Atlas Brown Inc. bought a new stake in shares of CDK Global in the 4th quarter valued at about $214,000. Finally, BB&T Corp bought a new stake in shares of CDK Global in the 4th quarter valued at about $208,000. Institutional investors and hedge funds own 87.59% of the company’s stock.
CDK Global opened at $64.19 on Tuesday, MarketBeat reports. The stock has a market capitalization of $8.48 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.00 and a beta of 0.77. CDK Global has a 12 month low of $63.84 and a 12 month high of $64.73. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of -9.65.
CDK Global Company Profile
CDK Global, Inc provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.
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