Waystar (WAY) to Release Quarterly Earnings on Wednesday

Waystar (NASDAQ:WAY) is projected 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 and revenue of $232.29 million 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.Parties that are interested in participating in the company’s conference call can do so using this link.

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

Waystar Stock Up 0.2 %

Shares of NASDAQ:WAY opened at $40.28 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 52-week low of $20.26 and a 52-week high of $41.74. The company has a fifty day moving average of $35.77 and a 200-day moving average of $30.00.

Analyst Ratings Changes

A number of research firms have recently weighed in on WAY. Evercore ISI raised their target price on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada upped their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America upped their target price on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Canaccord Genuity Group upped their price objective on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Waystar has an average rating of “Buy” and a consensus price target of $35.10.

Insider Transactions at Waystar

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink.

Waystar Company Profile

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