CDK Global, Inc. (NASDAQ:CDK) will be releasing 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 announced its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $565.40 million for the quarter, compared to analysts’ expectations of $556.68 million. CDK Global had a net margin of 13.31% and a return on equity of 204.80%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts expect CDK Global to post $2.94 EPS for the current fiscal year and $3.67 EPS for the next fiscal year.
CDK Global, Inc. (NASDAQ CDK) opened at 67.05 on Friday. The firm has a market cap of $9.39 billion, a PE ratio of 33.69 and a beta of 0.73. The stock’s 50 day moving average is $63.89 and its 200 day moving average is $63.13. CDK Global, Inc. has a 12 month low of $53.87 and a 12 month high of $67.49.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 11th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, September 8th. CDK Global’s dividend payout ratio is currently 28.00%.
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A number of research firms recently commented on CDK. TheStreet upgraded CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, Evercore ISI upgraded CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price objective for the company in a research report on Monday, July 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. CDK Global has a consensus rating of “Buy” and an average price target of $72.00.
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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