$434.60 Million in Sales Expected for CDK Global, Inc. (NASDAQ:CDK) This Quarter

Equities research analysts expect CDK Global, Inc. (NASDAQ:CDK) to announce $434.60 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CDK Global’s earnings, with the lowest sales estimate coming in at $431.69 million and the highest estimate coming in at $439.70 million. CDK Global posted sales of $406.30 million in the same quarter last year, which suggests a positive year over year growth rate of 7%. The company is scheduled to issue its next quarterly earnings report on Monday, February 14th.

According to Zacks, analysts expect that CDK Global will report full-year sales of $1.79 billion for the current fiscal year, with estimates ranging from $1.78 billion to $1.80 billion. For the next financial year, analysts anticipate that the business will report sales of $1.88 billion, with estimates ranging from $1.87 billion to $1.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover CDK Global.

CDK Global (NASDAQ:CDK) last posted its quarterly earnings results on Monday, November 1st. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. CDK Global had a return on equity of 119.09% and a net margin of 61.80%. During the same period in the previous year, the business earned $0.74 EPS.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded CDK Global from a “strong sell” rating to a “hold” rating in a report on Monday, November 8th. Morgan Stanley cut their target price on CDK Global from $62.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, August 18th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CDK Global currently has an average rating of “Buy” and a consensus price target of $62.20.

CDK Global stock traded down $0.14 during mid-day trading on Monday, hitting $40.27. The stock had a trading volume of 750,957 shares, compared to its average volume of 715,692. The stock has a 50-day simple moving average of $42.88 and a two-hundred day simple moving average of $46.36. The stock has a market capitalization of $4.77 billion, a PE ratio of 4.71 and a beta of 1.29. CDK Global has a 12 month low of $39.71 and a 12 month high of $55.51. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 3.44.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 30th. Stockholders 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 dividend yield of 1.49%. CDK Global’s dividend payout ratio (DPR) is currently 7.02%.

In other CDK Global news, General Counsel Lee J. Brunz sold 1,447 shares of the company’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $42.96, for a total value of $62,163.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. increased its stake in shares of CDK Global by 13.3% in the third quarter. First Mercantile Trust Co. now owns 3,993 shares of the software maker’s stock valued at $170,000 after buying an additional 468 shares during the period. Comerica Bank increased its stake in shares of CDK Global by 30.7% in the third quarter. Comerica Bank now owns 111,446 shares of the software maker’s stock valued at $4,926,000 after buying an additional 26,164 shares during the period. Willis Investment Counsel acquired a new stake in shares of CDK Global in the third quarter valued at about $870,000. Captrust Financial Advisors increased its stake in shares of CDK Global by 34.8% in the third quarter. Captrust Financial Advisors now owns 3,536 shares of the software maker’s stock valued at $150,000 after buying an additional 913 shares during the period. Finally, KB Financial Partners LLC increased its stake in shares of CDK Global by 27.3% in the third quarter. KB Financial Partners LLC now owns 10,680 shares of the software maker’s stock valued at $454,000 after buying an additional 2,289 shares during the period. 86.76% of the stock is owned by institutional investors.

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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