CDK Global, Inc. (CDK) Releases FY18 Earnings Guidance

CDK Global, Inc. (NASDAQ:CDK) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.95-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.96. The company issued revenue guidance of +3-4% to ~$2.29-2.31 billion, compared to the consensus revenue estimate of $2.31 billion.

CDK Global (NASDAQ:CDK) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The firm had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share.

A number of analysts recently issued reports on the company. Barrington Research set a $75.00 price objective on CDK Global and gave the company a buy rating in a research note on Tuesday. BidaskClub upgraded CDK Global from a hold rating to a buy rating in a research note on Tuesday, July 25th. TheStreet upgraded CDK Global from a c+ rating to a b- rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded 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 upgraded 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $72.60.

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CDK Global Company Profile

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.

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