CDK Global, Inc. (NASDAQ:CDK) is expected to report first quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.68 per share.
Looking ahead, the full year income are expected at $ 3.09 per share on the revenues of $ 1964.66 million.
Previous Quarter Performance
CDK Global, Inc. reported income for the fourth quarter of $ 0.67 per share, from the revenue of $ 449.60 million. The quarterly earnings 23.86 percent while revenues shrunk 7.98 percent compared with the same quarter last year.
According to street consensus, CDK was expected to report 4Q20 income of $ 0.50 per share from revenue of $ 424.40 million. The bottom line results beat street analysts by $ 0.17 or 34.00 percent, at the same time, top line results outshined analysts by $ 25.20 million or 5.94 percent.
Stock Performance
On Friday, shares of CDK Global, Inc. has traded high as $ 43.19 and has cracked $ 42.23 on the downward trend, reaching $ 43.10 with volume of 799.00 thousand shares.
According to the previous trading day, closing price of $ 43.10, representing a 46.70 % increase from the 52 week low of $ 29.12 and a 25.05 % decrease over the 52 week high of $ 57.00.
The company has a market capital of $ 5.24 billion and is part of the Technology sector and Software – Application industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on August 6, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
CDK Global, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cdkglobal.com
CDK Global, Inc. provides software and technology solutions for automotive retailers in the United States, Europe, Canada, and internationally. 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.
