Brokerages Anticipate Ceridian HCM Holding Inc (CDAY) Will Announce Earnings of $0.09 Per Share

Equities research analysts forecast that Ceridian HCM Holding Inc (NYSE:CDAY) will report $0.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Ceridian HCM’s earnings. The highest EPS estimate is $0.15 and the lowest is ($0.07). Ceridian HCM posted earnings per share of ($0.11) during the same quarter last year, which would suggest a positive year-over-year growth rate of 181.8%. The business is expected to announce its next earnings report on Tuesday, May 28th.

According to Zacks, analysts expect that Ceridian HCM will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.20 to $0.55. For the next year, analysts expect that the company will post earnings of $0.72 per share, with EPS estimates ranging from $0.60 to $0.89. 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:CDAY) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). Ceridian HCM had a negative net margin of 6.82% and a positive return on equity of 0.04%. The business had revenue of $200.30 million during the quarter, compared to analyst estimates of $196.56 million. The business’s revenue was up 9.8% compared to the same quarter last year.

A number of brokerages have issued reports on CDAY. Zacks Investment Research upgraded shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, March 15th. Mitsubishi UFJ Financial Group increased their price objective on shares of Ceridian HCM from $40.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. KeyCorp began coverage on shares of Ceridian HCM in a research note on Tuesday. They set a “sector weight” rating on the stock. Needham & Company LLC increased their price objective on shares of Ceridian HCM to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 7th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $50.00 price objective on shares of Ceridian HCM in a research note on Thursday, February 7th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.40.

In related news, Director Thomas H. Lee Advisors, Llc sold 13,000,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $48.99, for a total value of $636,870,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Arthur Gitajn sold 86,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $47.01, for a total transaction of $4,066,365.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,364,892 shares of company stock worth $703,169,802. 26.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CDAY. Wells Fargo & Company MN raised its holdings in Ceridian HCM by 84.1% in the 3rd quarter. Wells Fargo & Company MN now owns 23,627 shares of the company’s stock valued at $994,000 after buying an additional 10,790 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Ceridian HCM by 46.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 87,131 shares of the company’s stock valued at $3,663,000 after buying an additional 27,805 shares during the last quarter. BlackRock Inc. raised its holdings in Ceridian HCM by 2.3% in the 3rd quarter. BlackRock Inc. now owns 887,948 shares of the company’s stock valued at $37,322,000 after buying an additional 19,811 shares during the last quarter. Franklin Resources Inc. raised its holdings in Ceridian HCM by 60.9% in the 3rd quarter. Franklin Resources Inc. now owns 291,400 shares of the company’s stock valued at $12,248,000 after buying an additional 110,300 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new position in Ceridian HCM during the 3rd quarter worth approximately $6,592,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Shares of CDAY stock traded down $0.86 on Wednesday, hitting $50.09. The company’s stock had a trading volume of 10,678 shares, compared to its average volume of 1,047,246. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.06 and a current ratio of 1.06. Ceridian HCM has a fifty-two week low of $28.65 and a fifty-two week high of $52.60. The company has a market capitalization of $7.16 billion and a PE ratio of -1,002.80.

Ceridian HCM Company Profile

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.

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

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