CDK Global, Inc. (NASDAQ:CDK) is set to issue its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.54 per share for the quarter.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Tuesday, May 2nd. The software maker reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The business had revenue of $556.30 million during the quarter, compared to analyst estimates of $556.98 million. CDK Global had a return on equity of 126.04% and a net margin of 13.44%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. On average, analysts expect CDK Global to post $2.43 EPS for the current fiscal year and $2.93 EPS for the next fiscal year.
Shares of CDK Global, Inc. (NASDAQ CDK) opened at 65.99 on Friday. CDK Global, Inc. has a one year low of $53.46 and a one year high of $67.49. The stock’s 50 day moving average price is $62.99 and its 200 day moving average price is $63.58. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 33.75 and a beta of 0.73.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 20th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, June 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.85%. CDK Global’s dividend payout ratio (DPR) is currently 28.57%.
A number of brokerages have recently weighed in on CDK. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered CDK Global from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Evercore ISI upgraded CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 target price on the stock in a research note on Monday, July 10th. TheStreet upgraded CDK Global from a “d+” rating to a “c” rating in a research note on Monday, May 8th. Finally, Wells Fargo & Company upgraded CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $71.75.
In related news, insider Brian P. Macdonald acquired 5,000 shares of the stock in a transaction on Friday, May 26th. The shares were purchased at an average price of $60.47 per share, for a total transaction of $302,350.00. Following the purchase, the insider now directly owns 96,877 shares in the company, valued at $5,858,152.19. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by company insiders.
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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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