$0.68 EPS Expected for CDK Global, Inc. (NASDAQ:CDK) This Quarter

Wall Street brokerages expect that CDK Global, Inc. (NASDAQ:CDK – Get Rating) will post earnings per share (EPS) of $0.68 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CDK Global’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.70. CDK Global reported earnings per share of $0.66 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The company is expected to report its next quarterly 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 $2.93. For the next year, analysts expect that the firm will post earnings of $3.22 per share, with EPS estimates ranging from $3.14 to $3.28. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover CDK Global.

CDK Global (NASDAQ:CDK – Get Rating) last announced its earnings results on Thursday, May 5th. The software maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. CDK Global had a net margin of 14.28% and a return on equity of 67.84%. The company had revenue of $459.70 million during the quarter, compared to the consensus estimate of $457.88 million. During the same period last year, the firm earned $0.69 earnings per share. CDK Global’s revenue was up 6.1% compared to the same quarter last year.

A number of research firms have weighed in on CDK. TheStreet raised shares of CDK Global from a “c” rating to a “b-” rating in a report on Thursday, March 3rd. Zacks Investment Research cut shares of CDK Global from a “buy” rating to a “hold” rating in a research note on Tuesday, May 17th. Barrington Research cut shares of CDK Global from an “outperform” rating to an “underperform” rating in a research note on Thursday, April 7th. Finally, StockNews.com assumed coverage on shares of CDK Global in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.50.

Several hedge funds have recently modified their holdings of CDK. Louisiana State Employees Retirement System increased its stake in CDK Global by 0.7% during the 1st 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 period. KB Financial Partners LLC increased its position in shares of CDK Global by 2.0% in the 1st quarter. KB Financial Partners LLC now owns 11,716 shares of the software maker’s stock valued at $570,000 after purchasing an additional 230 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of CDK Global by 4.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,277 shares of the software maker’s stock valued at $306,000 after purchasing an additional 247 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of CDK Global by 3.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,373 shares of the software maker’s stock valued at $408,000 after purchasing an additional 257 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in shares of CDK Global by 0.9% in the 4th quarter. WCM Investment Management LLC now owns 30,112 shares of the software maker’s stock valued at $1,257,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Shares of CDK Global stock traded down $0.05 during trading on Monday, hitting $54.25. 48,745 shares of the company’s stock were exchanged, compared to its average volume of 1,658,172. CDK Global has a 52-week low of $38.53 and a 52-week high of $54.70. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.38 and a current ratio of 1.25. The business has a 50-day simple moving average of $52.07 and a 200-day simple moving average of $45.88. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 25.95 and a beta of 1.02.

CDK Global Company Profile (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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