Dayforce (DAY) Expected to Announce Quarterly Earnings on Wednesday

Dayforce (NYSE:DAY) is anticipated 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) last announced its quarterly 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 Price Performance

DAY stock opened at $58.38 on Tuesday. The firm has a 50 day moving average of $56.36 and a 200-day moving average of $66.87. 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 firm has a market capitalization of $9.24 billion, a P/E ratio of 530.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.17. Dayforce has a 12 month low of $47.08 and a 12 month high of $82.69.

Analyst Upgrades and Downgrades

DAY has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price objective on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus cut their price objective on Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Mizuho lowered their target price on shares of Dayforce from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. KeyCorp cut their price target on shares of Dayforce from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.79.

Insider Activity

In related news, EVP William Everett Mcdonald sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares of the company’s stock, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Samer Alkharrat sold 1,916 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the transaction, the executive vice president now directly owns 150,237 shares of the company’s stock, valued at $8,509,423.68. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is currently 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.