Dayforce (NYSE:DAY) Issues Earnings Results, Misses Estimates By $0.09 EPS

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

Dayforce Price Performance

Shares of NYSE:DAY traded down $3.90 during trading on Wednesday, hitting $67.84. 2,251,759 shares of the company were exchanged, compared to its average volume of 1,531,856. The business’s 50 day moving average is $74.07 and its 200-day moving average is $66.26. Dayforce has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a market capitalization of $10.70 billion, a P/E ratio of 204.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DAY. Mizuho upped their price objective on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. KeyCorp raised their price objective on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets increased their price target on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Scotiabank initiated coverage on Dayforce in a report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.07.

Insider Buying and Selling

In other news, CEO David D. Ossip sold 858,697 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the sale, the chief executive officer now directly owns 794,527 shares of the company’s stock, 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 the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 860,697 shares of company stock valued at $68,456,936 in the last three months. Insiders own 4.90% of the company’s stock.

Dayforce Company Profile

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.