Dayforce (DAY) to Release Quarterly Earnings on Wednesday

Dayforce (NYSE:DAY) is set 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.Parties interested in registering for the company’s conference call can do so using this link.

Dayforce (NYSE:DAY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, beating 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 analyst estimates 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 Down 0.1 %

DAY stock opened at $64.74 on Wednesday. Dayforce has a twelve month low of $47.08 and a twelve month 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 PE ratio of 196.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. The business has a 50 day moving average of $59.12 and a 200 day moving average of $56.52.

Analyst Upgrades and Downgrades

DAY has been the subject of a number of analyst reports. TD Cowen raised their price objective on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, October 7th. Mizuho increased their target price on Dayforce from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and set a $82.00 target price on shares of Dayforce in a research note on Wednesday, July 31st. Jefferies Financial Group increased their target price on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, KeyCorp assumed coverage on Dayforce in a research note on Tuesday, September 24th. They set an “overweight” rating and a $70.00 target price on the stock. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.75.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Friday, October 18th. The stock was sold at an average price of $65.00, for a total transaction of $65,000.00. Following the transaction, the chief operating officer now directly owns 100,437 shares in the company, valued at approximately $6,528,405. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Friday, October 18th. The stock was sold at an average price of $65.00, for a total transaction of $65,000.00. Following the transaction, the chief operating officer now directly owns 100,437 shares in the company, valued at approximately $6,528,405. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Scott Jacobs sold 643 shares of the firm’s 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 sale, the insider now directly owns 34,074 shares in the company, valued at approximately $2,159,269.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,643 shares of company stock worth $169,117. Corporate 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.