Ceridian HCM Holding Inc. (NYSE:CDAY) Expected to Announce Earnings of $0.10 Per Share

Analysts forecast that Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) will post earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ceridian HCM’s earnings, with estimates ranging from $0.06 to $0.13. Ceridian HCM posted earnings per share of $0.06 during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Ceridian HCM will report full-year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.33 to $0.58. For the next fiscal year, analysts forecast that the firm will report earnings of $0.68 per share, with EPS estimates ranging from $0.46 to $0.76. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Ceridian HCM.

Ceridian HCM (NYSE:CDAYGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $293.30 million for the quarter, compared to analyst estimates of $289.44 million. Ceridian HCM had a negative net margin of 7.72% and a negative return on equity of 3.11%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) EPS.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Wednesday, May 11th. Mizuho decreased their price target on shares of Ceridian HCM from $100.00 to $80.00 in a report on Monday, May 9th. Wells Fargo & Company decreased their price target on shares of Ceridian HCM from $85.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 15th. Robert W. Baird reduced their target price on shares of Ceridian HCM from $105.00 to $80.00 in a report on Thursday, May 5th. Finally, Piper Sandler reduced their target price on shares of Ceridian HCM from $105.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, February 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $81.69.

In other Ceridian HCM news, insider Jeffrey Scott Jacobs sold 784 shares of the firm’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $62.49, for a total value of $48,992.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Christopher R. Armstrong sold 6,861 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $62.49, for a total transaction of $428,743.89. The disclosure for this sale can be found here. Insiders sold 19,251 shares of company stock worth $1,126,494 over the last ninety days. Insiders own 3.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quent Capital LLC purchased a new stake in Ceridian HCM during the fourth quarter worth about $36,000. Ellevest Inc. increased its holdings in Ceridian HCM by 311.5% during the fourth quarter. Ellevest Inc. now owns 395 shares of the company’s stock worth $41,000 after buying an additional 299 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Ceridian HCM by 48.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 561 shares of the company’s stock worth $63,000 after buying an additional 184 shares during the last quarter. Signaturefd LLC increased its holdings in Ceridian HCM by 71.3% during the first quarter. Signaturefd LLC now owns 603 shares of the company’s stock worth $41,000 after buying an additional 251 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Ceridian HCM by 65.9% during the fourth quarter. Fifth Third Bancorp now owns 793 shares of the company’s stock worth $83,000 after buying an additional 315 shares during the last quarter.

Shares of Ceridian HCM stock traded up $2.13 during midday trading on Thursday, hitting $56.97. 81,462 shares of the company traded hands, compared to its average volume of 2,002,307. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of -101.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s fifty day moving average price is $61.74 and its 200-day moving average price is $82.38. Ceridian HCM has a 12 month low of $48.93 and a 12 month high of $130.37.

Ceridian HCM Company Profile (Get Rating)

Ceridian HCM Holding 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 (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.

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Earnings History and Estimates for Ceridian HCM (NYSE:CDAY)

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