Ceridian HCM (CDAY) Set to Announce Quarterly Earnings on Monday

Ceridian HCM (NYSE:CDAY) will be announcing its earnings results before the market opens on Monday, October 29th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ceridian HCM (NYSE:CDAY) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $174.47 million. On average, analysts expect Ceridian HCM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE CDAY opened at $36.40 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.44. Ceridian HCM has a 1 year low of $28.65 and a 1 year high of $44.98.

CDAY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Monday, October 15th. Guggenheim initiated coverage on shares of Ceridian HCM in a report on Monday, August 20th. They set a “buy” rating and a $45.00 price target for the company. Barclays raised their price target on shares of Ceridian HCM from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, September 7th. Canaccord Genuity restated a “hold” rating and set a $36.00 price target on shares of Ceridian HCM in a report on Friday, August 10th. Finally, Deutsche Bank raised their price target on shares of Ceridian HCM from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.86.

In other news, CFO Arthur Gitajn sold 135,755 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $36.18, for a total transaction of $4,911,615.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A hedge fund recently bought a new stake in Ceridian HCM stock. Bank of New York Mellon Corp acquired a new position in shares of Ceridian HCM Holding Inc (NYSE:CDAY) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 59,326 shares of the company’s stock, valued at approximately $1,969,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

About Ceridian HCM

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company worldwide. The company offers Dayforce, a cloud HCM platform that address various areas of HCM, including human resources (HR), payroll, benefits, workforce management, and talent management functionality. It also provides Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions; Bureau solutions for payroll and payroll-related services; and LifeWorks, an employee engagement platform that delivers employee assistance programs, social recognition, perks and discounts, a private social network, employee and corporate wellness programs, and employee engagement analytics.

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