Dayforce (DAY) to Release Quarterly Earnings on Wednesday

Dayforce (NYSE:DAY - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce 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.Investors interested in participating in the company's conference call can do so using this link.

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

Dayforce Price Performance

Shares of NYSE DAY opened at $64.74 on Wednesday. Dayforce has a 52 week low of $47.08 and a 52 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. The firm has a market cap of $10.22 billion, a P/E ratio of 196.18, a P/E/G ratio of 2.23 and a beta of 1.29. The business's 50 day moving average price is $59.12 and its 200 day moving average price is $56.52.

Insider Transactions at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the sale, the chief operating officer now owns 100,437 shares of the company's stock, valued at $6,528,405. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $65.00, for a total transaction of $65,000.00. Following the completion of the transaction, the chief operating officer now owns 100,437 shares of the company's stock, valued at $6,528,405. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643 shares of company stock worth $169,117 in the last quarter. Company insiders own 4.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Dayforce from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, October 7th. Citigroup lifted their price target on Dayforce from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. KeyCorp assumed coverage on Dayforce in a research report on Tuesday, September 24th. They set an "overweight" rating and a $70.00 price target on the stock. Jefferies Financial Group boosted their price objective on Dayforce from $55.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $82.00 target price on shares of Dayforce in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.75.

Dayforce Company Profile

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.