Dayforce (NYSE:DAY) Announces Earnings Results

Dayforce (NYSE:DAY) issued its quarterly earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.09), Zacks reports. Dayforce had a return on equity of 6.69% and a net margin of 3.12%. Dayforce updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Dayforce Trading Down 1.0 %

Shares of DAY stock traded down $0.65 during trading hours on Thursday, hitting $65.36. The company had a trading volume of 949,385 shares, compared to its average volume of 1,684,626. Dayforce has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The company’s fifty day moving average is $73.63 and its 200 day moving average is $66.39. The stock has a market capitalization of $10.31 billion, a PE ratio of 198.43, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DAY shares. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Dayforce in a research note on Thursday. Scotiabank dropped their price objective on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating for the company in a report on Thursday. Barclays dropped their price objective on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a report on Thursday. Citigroup reduced their target price on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, BMO Capital Markets raised their target price on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dayforce currently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Insider Buying and Selling

In other Dayforce news, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the transaction, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the completion of the transaction, the chief operating officer now directly owns 121,022 shares of the company’s stock, valued at approximately $9,229,137.72. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 860,697 shares of company stock valued at $68,456,936 in the last ninety days. Company insiders own 4.90% of the company’s stock.

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.