Dayforce (DAY) to Release Quarterly Earnings on Wednesday

Dayforce (NYSE:DAY) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. 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 Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Dayforce (NYSE:DAY) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.26. The firm had revenue of $399.70 million during the quarter, compared to the consensus estimate of $400.14 million. Dayforce had a return on equity of 4.47% and a net margin of 3.62%. 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 $61.98 on Tuesday. The company has a market cap of $9.64 billion, a P/E ratio of 177.09, a PEG ratio of 2.99 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 1.12. The company has a fifty day simple moving average of $65.39. Dayforce has a 1 year low of $55.62 and a 1 year high of $75.53.

Insider Transactions at Dayforce

In other news, COO Christopher R. Armstrong sold 60,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.14, for a total transaction of $4,148,400.00. Following the completion of the transaction, the chief operating officer now owns 149,319 shares in the company, valued at approximately $10,323,915.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DAY has been the subject of a number of recent analyst reports. Barclays reduced their price objective on Dayforce from $75.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. Piper Sandler increased their price target on Dayforce from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $82.00 price target on shares of Dayforce in a research note on Thursday, February 8th.

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.