Ceridian HCM (CDAY) Announces Earnings Results, Misses Estimates By $0.15 EPS

Ceridian HCM (NYSE:CDAY) posted its quarterly earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.15), Briefing.com reports. The company had revenue of $208.90 million during the quarter, compared to analyst estimates of $186.74 million. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.25) earnings per share.

NYSE CDAY traded down $0.08 during trading on Wednesday, hitting $34.24. 260 shares of the company’s stock were exchanged, compared to its average volume of 1,463,914. Ceridian HCM has a fifty-two week low of $28.65 and a fifty-two week high of $38.87.

A number of research firms recently commented on CDAY. Barclays began coverage on Ceridian HCM in a research note on Monday. They issued an “equal weight” rating and a $36.00 price target for the company. Wells Fargo & Co began coverage on Ceridian HCM in a research note on Monday. They issued an “outperform” rating and a $46.00 price target for the company. JPMorgan Chase began coverage on Ceridian HCM in a research note on Monday. They issued a “neutral” rating and a $34.00 price target for the company. Goldman Sachs began coverage on Ceridian HCM in a research note on Monday. They issued a “neutral” rating and a $34.00 price target for the company. Finally, MED dropped their price target on Ceridian HCM to $40.00 and set an “overweight” rating for the company in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.91.

Ceridian HCM Company Profile

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company worldwide. The company offers Dayforce, a cloud HCM platform that address various areas of HCM, including human resources (HR), payroll, benefits, workforce management, and talent management functionality. It also provides Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions; Bureau solutions for payroll and payroll-related services; and LifeWorks, an employee engagement platform that delivers employee assistance programs, social recognition, perks and discounts, a private social network, employee and corporate wellness programs, and employee engagement analytics.

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