Dayforce (DAY) Expected to Announce Earnings on Wednesday

Dayforce (NYSE:DAY - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $455.00 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Dayforce Trading Down 3.0 %

Shares of NYSE:DAY traded down $2.24 during mid-day trading on Wednesday, hitting $71.84. The stock had a trading volume of 472,241 shares, compared to its average volume of 1,431,609. The company's 50 day moving average is $74.71 and its 200-day moving average is $65.80. Dayforce has a 12-month low of $47.08 and a 12-month high of $82.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $11.33 billion, a PE ratio of 217.65, a P/E/G ratio of 2.56 and a beta of 1.26.

Insiders Place Their Bets

In related news, CEO David D. Ossip sold 858,697 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the sale, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. This represents a 51.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total value of $77,000.00. Following the completion of the transaction, the chief operating officer now directly owns 122,022 shares in the company, valued at approximately $9,395,694. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 861,697 shares of company stock valued at $68,533,936 over the last 90 days. 4.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DAY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Needham & Company LLC raised their price target on shares of Dayforce from $82.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Mizuho boosted their price objective on shares of Dayforce from $85.00 to $95.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Scotiabank started coverage on shares of Dayforce in a research report on Monday, November 18th. They issued a "sector perform" rating and a $75.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on shares of Dayforce from $82.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.07.

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.