CDK Global (NASDAQ:CDK) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.90 per share for the quarter. CDK Global has set its FY 2019 guidance at $3.70-3.80 EPS.
CDK Global (NASDAQ:CDK) last released its earnings results on Tuesday, February 5th. The software maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.12. CDK Global had a net margin of 16.36% and a negative return on equity of 135.00%. The firm had revenue of $590.40 million during the quarter, compared to the consensus estimate of $578.91 million. During the same period in the previous year, the firm earned $0.87 earnings per share. CDK Global’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect CDK Global to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
CDK Global stock opened at $61.11 on Tuesday. CDK Global has a 1 year low of $44.01 and a 1 year high of $67.97. The company has a market capitalization of $7.58 billion, a P/E ratio of 20.10 and a beta of 0.72.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were issued a $0.15 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. CDK Global’s payout ratio is 19.74%.
CDK has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. ValuEngine upgraded shares of CDK Global from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Friday, February 8th. Finally, Oppenheimer set a $67.00 target price on shares of CDK Global and gave the company a “buy” rating in a report on Tuesday, February 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. CDK Global currently has a consensus rating of “Hold” and an average price target of $67.25.
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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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