CDK Global, Inc. (CDK) Set to Announce Quarterly Earnings on Tuesday

CDK Global, Inc. (NASDAQ:CDK) is set to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.68 per share for the quarter. CDK Global has set its FY18 guidance at $2.90-3.00 EPS.

CDK Global (NASDAQ:CDK) last released its earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. CDK Global had a net margin of 13.31% and a return on equity of 204.80%. The business had revenue of $565.40 million for the quarter, compared to analysts’ expectations of $556.68 million. During the same period last year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts expect CDK Global to post $2.96 EPS for the current fiscal year and $3.69 EPS for the next fiscal year.

Shares of CDK Global, Inc. (NASDAQ:CDK) opened at 67.05 on Monday. The company has a 50 day moving average of $63.89 and a 200 day moving average of $63.13. The firm has a market capitalization of $9.39 billion, a PE ratio of 33.69 and a beta of 0.73. CDK Global, Inc. has a 52-week low of $53.67 and a 52-week high of $67.49.

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Several research firms have weighed in on CDK. BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a research note on Thursday, October 19th. Zacks Investment Research raised CDK Global from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, October 3rd. Finally, Evercore ISI raised CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 target price on the stock in a research note on Monday, July 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $72.00.

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.

Earnings History for CDK Global (NASDAQ:CDK)

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