Dayforce (DAY) to Release Quarterly Earnings on Wednesday

Dayforce (NYSE:DAY - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $477.00 million for the quarter. Dayforce has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.

Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. On average, analysts expect Dayforce to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Dayforce Stock Up 0.4 %

Shares of DAY traded up $0.26 during midday trading on Monday, hitting $59.11. 298,732 shares of the company's stock traded hands, compared to its average volume of 1,862,968. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 537.41, a price-to-earnings-growth ratio of 2.49 and a beta of 1.17. Dayforce has a 1 year low of $47.08 and a 1 year high of $82.69. The firm's fifty day moving average is $56.45 and its 200-day moving average is $66.91.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $95.00 price target on shares of Dayforce in a research note on Thursday, February 6th. KeyCorp cut their price target on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Dayforce from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Mizuho reduced their target price on Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Barclays dropped their price target on Dayforce from $69.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $73.79.

Insider Activity at Dayforce

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $56.64, for a total value of $108,522.24. Following the transaction, the executive vice president now owns 150,237 shares in the company, valued at approximately $8,509,423.68. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.

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.