Analysts Anticipate CDK Global, Inc. (NASDAQ:CDK) Will Announce Earnings of $0.74 Per Share

Brokerages expect CDK Global, Inc. (NASDAQ:CDK – Get Rating) to report earnings of $0.74 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CDK Global’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.80. CDK Global posted earnings per share of $0.69 during the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that CDK Global will report full-year earnings of $2.92 per share for the current financial year, with EPS estimates ranging from $2.90 to $2.94. For the next fiscal year, analysts expect that the company will report earnings of $3.21 per share, with EPS estimates ranging from $3.14 to $3.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow CDK Global.

CDK Global (NASDAQ:CDK – Get Rating) last posted its earnings results on Thursday, February 3rd. The software maker reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.09. CDK Global had a net margin of 60.45% and a return on equity of 66.55%. The firm had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $432.05 million. During the same period last year, the company posted $0.53 EPS.

CDK has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of CDK Global in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised shares of CDK Global from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Wednesday, April 13th. TheStreet raised shares of CDK Global from a “c” rating to a “b-” rating in a research report on Thursday, March 3rd. Finally, Barrington Research cut shares of CDK Global from an “outperform” rating to an “underperform” rating in a research report on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.50.

A number of institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System raised its holdings in CDK Global by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the software maker’s stock worth $1,667,000 after buying an additional 200 shares during the last quarter. WCM Investment Management LLC raised its holdings in CDK Global by 0.9% in the fourth quarter. WCM Investment Management LLC now owns 30,112 shares of the software maker’s stock worth $1,257,000 after buying an additional 260 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in CDK Global by 44.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 923 shares of the software maker’s stock worth $39,000 after buying an additional 283 shares during the last quarter. Pacer Advisors Inc. raised its holdings in CDK Global by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 14,320 shares of the software maker’s stock worth $598,000 after buying an additional 288 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of CDK Global by 5.3% in the fourth quarter. Fulton Bank N.A. now owns 6,180 shares of the software maker’s stock worth $258,000 after acquiring an additional 310 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CDK traded down $0.04 on Monday, hitting $54.37. The company had a trading volume of 236,935 shares, compared to its average volume of 1,509,918. The firm’s 50-day simple moving average is $49.73 and its two-hundred day simple moving average is $44.79. CDK Global has a 1 year low of $38.53 and a 1 year high of $54.94. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 4.36. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 6.37 and a beta of 1.20.

About CDK Global (Get Rating)

CDK Global, Inc, together with its subsidiaries, provides integrated data and technology solutions to the automotive, heavy truck, recreation, and heavy equipment industries in the United States and internationally. It offers subscription-based software and technology solutions to automotive retailers, as well as to retailers and manufacturers of heavy trucks, construction and agricultural equipment, motorcycles, boats, and other marine and recreational vehicles.

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