CDK Global Inc Expected to Post Q1 2019 Earnings of $1.00 Per Share (NASDAQ:CDK)

CDK Global Inc (NASDAQ:CDK) – Equities research analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for shares of CDK Global in a research report issued on Tuesday, according to Zacks Investment Research. William Blair analyst M. Pfau forecasts that the software maker will post earnings of $1.00 per share for the quarter. William Blair also issued estimates for CDK Global’s Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.10 EPS, Q4 2019 earnings at $1.19 EPS, FY2019 earnings at $4.31 EPS and FY2020 earnings at $5.13 EPS.

CDK Global (NASDAQ:CDK) last announced its earnings results on Tuesday, January 30th. The software maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $561.70 million during the quarter, compared to the consensus estimate of $564.94 million. CDK Global had a net margin of 14.29% and a negative return on equity of 5,261.95%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share.

A number of other brokerages also recently commented on CDK. BidaskClub downgraded shares of CDK Global from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Barrington Research set a $75.00 price objective on shares of CDK Global and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet upgraded shares of CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $80.00 price objective (up previously from $75.00) on shares of CDK Global in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.80.

Shares of CDK Global (NASDAQ CDK) traded up $0.19 during trading hours on Friday, reaching $66.66. 1,091,176 shares of the company were exchanged, compared to its average volume of 1,292,903. The company has a debt-to-equity ratio of -11.19, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $8,969.70, a P/E ratio of 29.50, a P/E/G ratio of 1.36 and a beta of 0.67. CDK Global has a 1 year low of $59.33 and a 1 year high of $76.04.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.15 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. CDK Global’s dividend payout ratio (DPR) is presently 26.55%.

A number of institutional investors have recently modified their holdings of CDK. D.A. Davidson & CO. increased its holdings in CDK Global by 5.6% in the second quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock valued at $194,000 after buying an additional 167 shares in the last quarter. FMR LLC increased its stake in shares of CDK Global by 0.5% during the 2nd quarter. FMR LLC now owns 2,249,300 shares of the software maker’s stock worth $139,592,000 after purchasing an additional 10,322 shares in the last quarter. Advisor Group Inc. increased its stake in shares of CDK Global by 45.6% during the 2nd quarter. Advisor Group Inc. now owns 7,407 shares of the software maker’s stock worth $452,000 after purchasing an additional 2,321 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of CDK Global by 8.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 249,623 shares of the software maker’s stock worth $15,492,000 after purchasing an additional 19,823 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of CDK Global by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 431,736 shares of the software maker’s stock worth $26,793,000 after purchasing an additional 28,232 shares in the last quarter. 89.73% of the stock is owned by institutional investors.

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About CDK Global

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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