CDK Global (CDK) Issues FY19 Earnings Guidance
CDK Global (NASDAQ:CDK) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.85-3.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.05. The company issued revenue guidance of (1.0%) – 1.0% to ~$2.25-2.30 billion, compared to the consensus revenue estimate of $2.36 billion.
CDK stock opened at $60.86 on Thursday. The company has a debt-to-equity ratio of -9.65, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 1.57 and a beta of 0.69. CDK Global has a 1-year low of $59.84 and a 1-year high of $76.04.
CDK Global (NASDAQ:CDK) last posted its earnings results on Tuesday, August 14th. The software maker reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The firm had revenue of $569.20 million for the quarter, compared to analyst estimates of $578.99 million. CDK Global had a negative return on equity of 361.64% and a net margin of 14.99%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. analysts predict that CDK Global will post 3.06 earnings per share for the current year.
A number of analysts have recently commented on CDK shares. Barrington Research restated a hold rating on shares of CDK Global in a report on Thursday, April 26th. Morgan Stanley cut their price target on CDK Global from $77.00 to $75.00 and set an equal weight rating on the stock in a report on Friday, April 27th. Zacks Investment Research upgraded CDK Global from a hold rating to a buy rating and set a $72.00 price target on the stock in a report on Friday, April 27th. ValuEngine lowered CDK Global from a hold rating to a sell rating in a report on Tuesday, May 22nd. Finally, BidaskClub upgraded CDK Global from a strong sell rating to a sell rating in a report on Saturday, June 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $75.00.
CDK Global Company Profile
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.
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