CDK Global (NASDAQ:CDK) is set to issue its quarterly earnings data before the market opens on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. CDK Global has set its FY19 guidance at $3.85-3.95 EPS.Parties interested in registering for the company’s conference call can do so using this link.
CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, August 14th. The software maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. CDK Global had a net margin of 16.75% and a negative return on equity of 235.59%. The firm had revenue of $569.20 million during the quarter, compared to the consensus estimate of $578.99 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts expect CDK Global to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
CDK opened at $57.80 on Tuesday. CDK Global has a twelve month low of $55.75 and a twelve month high of $76.04. The stock has a market cap of $7.42 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.55 and a beta of 0.76.
In related news, VP Jennifer A. Williams sold 4,114 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $61.65, for a total transaction of $253,628.10. Following the completion of the sale, the vice president now owns 5,012 shares of the company’s stock, valued at approximately $308,989.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
CDK has been the subject of several research analyst reports. ValuEngine downgraded shares of CDK Global from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. BidaskClub downgraded shares of CDK Global from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Barrington Research restated a “buy” rating and set a $80.00 price target on shares of CDK Global in a research report on Monday, August 13th. Morgan Stanley reduced their price target on shares of CDK Global from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 15th. Finally, Zacks Investment Research downgraded shares of CDK Global from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $75.00.
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About CDK Global
CDK Global, Inc provides software and technology solutions for automotive retailers in the United States and internationally. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. The company offers Dealer Management System (DMS), a portfolio of layered software applications and services for automotive retailers, original equipment manufacturers (OEMs), consumers, and other industry participants manage the acquisition, sale, financing, insuring, parts supply, and repair and maintenance of vehicles.
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