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

Dayforce (NYSE:DAY) announced its quarterly earnings data on Wednesday. The company reported $0.37 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 Stock Performance

Shares of DAY traded down $0.19 during mid-day trading on Friday, hitting $65.48. The company’s stock had a trading volume of 313,991 shares, compared to its average volume of 1,706,179. Dayforce has a one year low of $47.08 and a one year high of $82.69. The stock’s 50-day moving average is $73.35 and its two-hundred day moving average is $66.38. The firm has a market capitalization of $10.33 billion, a PE ratio of 198.19, 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 quick ratio of 1.15 and a current ratio of 1.15.

Insider Activity at Dayforce

In other news, CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the sale, the chief executive officer now owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. This trade represents a 51.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares in the company, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 860,697 shares of company stock worth $68,456,936 in the last ninety days. 4.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on DAY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Citigroup dropped their target price on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Scotiabank lowered their price target on Dayforce from $75.00 to $72.00 and set a “sector perform” rating for the company in a research note on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research report on Wednesday. Finally, Stifel Nicolaus decreased their target price on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.64.

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.