Brokerages predict that CDK Global (NASDAQ:CDK) will post sales of $577.96 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for CDK Global’s earnings. The highest sales estimate is $580.50 million and the lowest is $575.80 million. CDK Global reported sales of $556.30 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.9%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that CDK Global will report full year sales of $2.30 billion for the current year, with estimates ranging from $2.29 billion to $2.31 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.39 billion per share, with estimates ranging from $2.37 billion to $2.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover CDK Global.
CDK Global (NASDAQ:CDK) last issued its earnings results on Tuesday, January 30th. The software maker reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.17. CDK Global had a net margin of 14.29% and a negative return on equity of 5,261.95%. The company had revenue of $561.70 million for the quarter, compared to analysts’ expectations of $564.94 million. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis.
CDK stock traded up $0.50 on Thursday, hitting $65.64. The company had a trading volume of 774,310 shares, compared to its average volume of 1,250,159. CDK Global has a 12-month low of $59.33 and a 12-month high of $76.04. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of -11.19. The stock has a market capitalization of $8,650.77, a P/E ratio of 27.01, a P/E/G ratio of 1.32 and a beta of 0.78.
In other news, insider Rajiv K. Amar sold 1,968 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $69.85, for a total transaction of $137,464.80. Following the sale, the insider now directly owns 11,072 shares in the company, valued at approximately $773,379.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott L. Mathews sold 5,514 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $68.91, for a total transaction of $379,969.74. Following the sale, the executive vice president now owns 48,520 shares in the company, valued at $3,343,513.20. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Wagner Wealth Management LLC bought a new stake in shares of CDK Global during the 4th quarter valued at $112,000. Macquarie Group Ltd. bought a new stake in shares of CDK Global during the 3rd quarter valued at $145,000. Overbrook Management Corp bought a new stake in shares of CDK Global during the 4th quarter valued at $203,000. Bredin Investment LLC bought a new stake in shares of CDK Global during the 4th quarter valued at $203,000. Finally, Atlas Brown Inc. bought a new stake in CDK Global in the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 85.68% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Analysts Expect CDK Global (CDK) Will Announce Quarterly Sales of $577.96 Million” was published by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://weekherald.com/2018/04/17/analysts-expect-cdk-global-cdk-will-announce-quarterly-sales-of-577-96-million.html.
About CDK Global
CDK Global, Inc provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CDK Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global and related companies with MarketBeat.com's FREE daily email newsletter.