Workday (NASDAQ:WDAY) issued its quarterly earnings results on Tuesday. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.03), Morningstar.com reports. Workday had a negative return on equity of 15.30% and a negative net margin of 15.19%. The firm had revenue of $825.10 million for the quarter, compared to analyst estimates of $814.21 million. During the same quarter last year, the firm earned $0.33 earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year.
Shares of NASDAQ WDAY traded up $1.60 on Thursday, hitting $204.83. The company’s stock had a trading volume of 12,254 shares, compared to its average volume of 1,579,512. Workday has a 12-month low of $117.24 and a 12-month high of $217.63. The company has a market capitalization of $47.26 billion, a PE ratio of -166.58 and a beta of 1.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.11.
In other news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $179.58, for a total value of $53,874,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Duffield sold 175,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.18, for a total transaction of $32,581,500.00. The disclosure for this sale can be found here. Insiders sold 1,126,562 shares of company stock worth $208,547,706 in the last ninety days. Insiders own 29.80% of the company’s stock.
A number of brokerages have recently issued reports on WDAY. BNP Paribas began coverage on shares of Workday in a research note on Friday, March 29th. They set an “underperform” rating and a $125.00 price target on the stock. Wedbush reissued a “neutral” rating and set a $209.00 price objective on shares of Workday in a report on Thursday, May 23rd. Oppenheimer boosted their price objective on shares of Workday from $216.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Bank of America boosted their price objective on shares of Workday from $234.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity boosted their price objective on shares of Workday from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Workday presently has a consensus rating of “Buy” and a consensus price target of $206.32.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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