CDK Global, Inc. (CDK) Set to Announce Earnings on Tuesday
CDK Global, Inc. (NASDAQ:CDK) is scheduled to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect CDK Global to post earnings of $0.68 per share for the quarter. CDK Global has set its FY18 guidance at $2.90-3.00 EPS.
CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $565.40 million during the quarter, compared to the consensus estimate of $556.68 million. CDK Global had a return on equity of 204.80% and a net margin of 13.31%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. On average, analysts expect CDK Global to post $2.94 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.
CDK Global, Inc. (NASDAQ:CDK) opened at 65.58 on Tuesday. CDK Global, Inc. has a 1-year low of $53.46 and a 1-year high of $67.49. The firm has a market cap of $9.19 billion, a P/E ratio of 32.95 and a beta of 0.73. The firm’s 50-day moving average price is $63.54 and its 200-day moving average price is $63.04.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 11th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Friday, September 8th. CDK Global’s dividend payout ratio (DPR) is presently 28.00%.
A number of equities research analysts have recently commented on CDK shares. TheStreet upgraded shares of CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. BidaskClub upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of CDK Global from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Evercore ISI upgraded shares of CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Monday, July 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CDK Global has a consensus rating of “Buy” and an average target price of $72.00.
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About CDK Global
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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