Waystar (WAY) Projected to Post Quarterly Earnings on Wednesday

Waystar (NASDAQ:WAY) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Waystar has set its FY24 guidance at $0.30-$0.32 EPS and its FY 2024 guidance at 0.300-0.320 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. On average, analysts expect Waystar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Waystar Stock Performance

Shares of WAY stock opened at $40.71 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The stock’s 50-day simple moving average is $35.00 and its 200-day simple moving average is $29.47. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $40.72.

Analyst Upgrades and Downgrades

WAY has been the subject of a number of research analyst reports. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Friday, November 22nd. Bank of America increased their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada increased their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Evercore ISI boosted their target price on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $35.10.

Insider Activity at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the sale, the chief financial officer now owns 173,642 shares of the company’s stock, valued at $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.