Dayforce (DAY) Set to Announce Earnings on Wednesday

Dayforce (NYSE:DAY) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Dayforce to post earnings of $0.45 per share for the quarter. Dayforce has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Dayforce (NYSE:DAY) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Dayforce had a return on equity of 6.35% and a net margin of 2.89%. The company had revenue of $423.30 million during the quarter, compared to analysts’ expectations of $417.41 million. On average, analysts expect Dayforce to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dayforce Stock Performance

NYSE DAY opened at $65.11 on Tuesday. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 197.30, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. The business has a fifty day moving average of $59.72 and a 200-day moving average of $56.56. Dayforce has a fifty-two week low of $47.08 and a fifty-two week high of $74.66. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DAY. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price on shares of Dayforce in a research note on Wednesday, July 31st. Piper Sandler upgraded Dayforce from a “neutral” rating to an “overweight” rating and upped their target price for the company from $68.00 to $71.00 in a research note on Wednesday, July 31st. Citigroup upped their target price on Dayforce from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft upped their target price on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group upped their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.75.

Insider Transactions at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the sale, the chief operating officer now owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the transaction, the chief operating officer now owns 101,437 shares of the company’s stock, valued at approximately $6,428,062.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the transaction, the insider now directly owns 34,074 shares of the company’s stock, valued at $2,159,269.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643 shares of company stock valued at $169,117 over the last quarter. Company insiders own 4.90% of the company’s stock.

About Dayforce

Dayforce Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll and tax, workforce management, wallet, benefits, and talent intelligence functionalities; and Powerpay, a cloud HR and payroll solution for the small business market.