$0.08 Earnings Per Share Expected for Ceridian HCM Holding Inc (CDAY) This Quarter

Brokerages expect Ceridian HCM Holding Inc (NYSE:CDAY) to announce $0.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Ceridian HCM’s earnings, with estimates ranging from $0.05 to $0.12. The business is expected to report its next earnings report on Monday, February 4th.

According to Zacks, analysts expect that Ceridian HCM will report full-year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.01). For the next fiscal year, analysts forecast that the firm will post earnings of $0.46 per share, with EPS estimates ranging from $0.43 to $0.49. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Ceridian HCM.

Ceridian HCM (NYSE:CDAY) last announced its earnings results on Monday, October 29th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $179.60 million during the quarter, compared to the consensus estimate of $176.29 million. Ceridian HCM had a negative net margin of 2.25% and a positive return on equity of 2.64%. The business’s revenue was up 9.8% compared to the same quarter last year.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Ceridian HCM from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 target price on shares of Ceridian HCM in a report on Monday, October 29th. Credit Suisse Group assumed coverage on shares of Ceridian HCM in a report on Friday, October 5th. They set a “neutral” rating and a $45.00 target price for the company. Needham & Company LLC assumed coverage on shares of Ceridian HCM in a report on Thursday, January 3rd. They set a “buy” rating and a $40.00 target price for the company. Finally, Deutsche Bank lifted their target price 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. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.87.

In other Ceridian HCM news, COO Paul D. Elliott sold 197,816 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $36.00, for a total value of $7,121,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cannae Holdings, Inc. sold 4,396,694 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $34.70, for a total transaction of $152,565,281.80. The disclosure for this sale can be found here. Insiders sold a total of 5,181,103 shares of company stock valued at $182,511,844 in the last three months.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in Ceridian HCM by 49.7% in the 4th quarter. State of Alaska Department of Revenue now owns 4,329 shares of the company’s stock valued at $149,000 after purchasing an additional 1,437 shares during the period. Voya Investment Management LLC bought a new stake in shares of Ceridian HCM during the 2nd quarter worth approximately $247,000. Public Employees Retirement System of Ohio bought a new stake in shares of Ceridian HCM during the 2nd quarter worth approximately $286,000. Point72 Asset Management L.P. bought a new stake in shares of Ceridian HCM during the 2nd quarter worth approximately $332,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Ceridian HCM during the 2nd quarter worth approximately $344,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Shares of CDAY stock opened at $35.95 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.03. Ceridian HCM has a 52 week low of $28.65 and a 52 week high of $44.98.

Ceridian HCM Company Profile

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

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