Wall Street brokerages expect CDK Global, Inc. (NASDAQ:CDK) to post $0.65 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for CDK Global’s earnings, with estimates ranging from $0.61 to $0.68. CDK Global reported earnings per share of $0.59 in the same quarter last year, which suggests a positive year over year growth rate of 10.2%. The business is expected to report its next earnings report on Monday, February 14th.
On average, analysts expect that CDK Global will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $2.86. For the next year, analysts expect that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $3.02 to $3.32. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow CDK Global.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings data on Monday, November 1st. The software maker reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. CDK Global had a net margin of 61.80% and a return on equity of 119.09%. During the same quarter in the previous year, the company posted $0.74 earnings per share.
In other news, General Counsel Lee J. Brunz sold 1,447 shares of the firm’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $42.96, for a total value of $62,163.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new stake in CDK Global during the 3rd quarter worth $25,000. First Horizon Advisors Inc. raised its stake in CDK Global by 12,080.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 609 shares of the software maker’s stock worth $25,000 after acquiring an additional 604 shares in the last quarter. Tompkins Financial Corp acquired a new stake in CDK Global during the 3rd quarter worth $30,000. SkyView Investment Advisors LLC raised its stake in CDK Global by 344.5% during the 1st quarter. SkyView Investment Advisors LLC now owns 729 shares of the software maker’s stock worth $39,000 after acquiring an additional 565 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in CDK Global by 77.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,143 shares of the software maker’s stock worth $49,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.
Shares of NASDAQ:CDK traded down $0.14 during mid-day trading on Friday, reaching $40.27. 750,957 shares of the company were exchanged, compared to its average volume of 715,692. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 4.71 and a beta of 1.29. The firm’s 50-day simple moving average is $42.88 and its 200 day simple moving average is $46.36. CDK Global has a 1 year low of $39.71 and a 1 year high of $55.51.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 30th. Shareholders of record on Wednesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.49%. CDK Global’s dividend payout ratio (DPR) is presently 7.02%.
About CDK Global
CDK Global, Inc engages in the provision of integrated information technology and digital marketing solutions to the automotive, heavy truck, recreation, and heavy equipment industries. The firm focuses on providing a suite of subscription-based software and technology solutions for automotive retailers in North America.
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