CDK Global (NASDAQ:CDK) Issues FY19 Earnings Guidance

CDK Global (NASDAQ:CDK) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.70-3.80 for the period, compared to the Thomson Reuters consensus estimate of $3.76. The company issued revenue guidance of $2.32-2.35 billion, compared to the consensus revenue estimate of $2.33 billion.

Shares of CDK stock traded down $0.17 during mid-day trading on Wednesday, hitting $51.34. The company had a trading volume of 419,422 shares, compared to its average volume of 1,037,109. The company has a market capitalization of $6.27 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. CDK Global has a 52-week low of $44.01 and a 52-week high of $67.97.

CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.08. The company had revenue of $602.10 million for the quarter, compared to the consensus estimate of $596.47 million. CDK Global had a net margin of 16.34% and a negative return on equity of 113.53%. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, equities analysts expect that CDK Global will post 3.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, May 31st. CDK Global’s payout ratio is 19.74%.

A number of research analysts have weighed in on CDK shares. BidaskClub cut shares of CDK Global from a buy rating to a hold rating in a research report on Wednesday, May 1st. ValuEngine upgraded shares of CDK Global from a sell rating to a hold rating in a research 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 price objective on the stock in a research report on Friday, February 8th. Finally, Barrington Research reiterated a buy rating on shares of CDK Global in a research report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $67.75.

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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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Earnings History and Estimates for CDK Global (NASDAQ:CDK)

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