Dayforce (NYSE:DAY) Posts Earnings Results, Misses Expectations By $0.09 EPS

Dayforce (NYSE:DAY) announced its 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 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

DAY stock traded down $3.98 during midday trading on Wednesday, hitting $67.76. 2,598,026 shares of the stock traded hands, compared to its average volume of 1,549,748. Dayforce has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s fifty day simple moving average is $74.07 and its 200-day simple moving average is $66.26. The firm has a market cap of $10.69 billion, a P/E ratio of 205.88, a PEG ratio of 2.59 and a beta of 1.26.

Insiders Place Their Bets

In other news, CEO David D. Ossip sold 858,697 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at $63,204,622.85. This represents a 51.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 860,697 shares of company stock worth $68,456,936. Company insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DAY. Citigroup lowered their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Mizuho lifted their target price on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC upped their price target on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus raised their price target on shares of Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $94.00 price objective (up from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Dayforce presently has an average rating of “Moderate Buy” and a consensus price target of $80.07.

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.