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Dayforce Inc (DAY)
NYSE:DAY
Dayforce Inc (DAY) Stock Price & Analysis
182 Followers
DAY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$54.25 - $75.53
Previous Close$59.15
Volume1.73M
Average Volume (3M)1.44M
Market Cap
$9.34B
Enterprise Value$10.01B
Total Cash (Recent Filing)$570.30M
Total Debt (Recent Filing)$1.24B
Price to Earnings (P/E)181.4
Beta1.67
Next Earnings
Jul 31, 2024EPS Estimate
$0.36Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.33
Shares Outstanding157,900,000
10 Day Avg. Volume2,090,105
30 Day Avg. Volume1,443,611
Standard Deviation0.11
R-Squared0.41
Alpha-0.00506
Financial Highlights & Ratios
Price to Book (P/B)-73.95
Price to Sales (P/S)6.17
Price to Cash Flow (P/CF)25.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.85
Enterprise Value/Gross Profit15.49
Enterprise Value/Ebitda37.22
Forecast
1Y Price Target
$71.70Price Target Upside18.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Dayforce Inc News
PremiumPress Releases
Dayforce Releases Dayforce Partner Exchange
Bulls Say, Bears Say
Bulls Say
Financial PerformanceDayforce reported solid first-quarter results, outperforming consensus estimates with revenue coming in above expectations and adjusted EBITDA surpassing forecasts.
Growth OpportunityWith the potential to secure a substantial contract for a new integrated HR & payroll system for the Government of Canada, Dayforce's estimated annual recurring revenue could see a significant boost.
Product Market ShareDayforce continues to expand its market presence with a significant increase in live customers and a strong sales pipeline indicating steady demand across all regions.
Bears Say
Accounting ConcernsBlue Orca Capital published a short report claiming that Dayforce is inappropriately pulling forward professional services revenue and using aggressive accounting to inflate earnings.
Earnings GuidanceForward guidance for Dayforce recurring for ~20% y/y growth in 2Q was modestly below consensus and potentially investor expectations.
Financial PerformanceDeal flow during the second half was less than during the first half, driving aggressive new discounting by Dayforce.
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Ownership Overview
10.71% Insiders
55.10% Mutual Funds
23.07% Other Institutional Investors
11.12% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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DAY FAQ
What was Dayforce Inc’s price range in the past 12 months?
Dayforce Inc lowest stock price was $54.25 and its highest was $75.53 in the past 12 months.
What is Dayforce Inc’s market cap?
Currently, no data Available
When is Dayforce Inc’s upcoming earnings report date?
Dayforce Inc’s upcoming earnings report date is Jul 31, 2024 which is in 81 days.
How were Dayforce Inc’s earnings last quarter?
Dayforce Inc released its earnings results on May 01, 2024. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.425 by $0.005.
Is Dayforce Inc overvalued?
According to Wall Street analysts Dayforce Inc’s price is currently Undervalued.
Does Dayforce Inc pay dividends?
Dayforce Inc does not currently pay dividends.
What is Dayforce Inc’s EPS estimate?
Dayforce Inc’s EPS estimate is $0.36.
How many shares outstanding does Dayforce Inc have?
Dayforce Inc has 157,900,000 shares outstanding.
What happened to Dayforce Inc’s price movement after its last earnings report?
Dayforce Inc reported an EPS of $0.43 in its last earnings report, beating expectations of $0.425. Following the earnings report the stock price went down -5.996%.
Which hedge fund is a major shareholder of Dayforce Inc?
Among the largest hedge funds holding Dayforce Inc’s share is EdgePoint Investment Group Inc.. It holds Dayforce Inc’s shares valued at 489M.
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Dayforce Inc Stock Smart Score
Underperform
1
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Analyst Consensus
Moderate Buy
Average Price Target:
$71.70 (18.12% Upside)
$71.70 (18.12% Upside)
Blogger Sentiment
Bullish
DAY Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 3.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.3%
Last 30 Days ▼ 8.7%
Last 30 Days ▼ 8.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
2.31%
12-Months-Change
Fundamentals
Return on Equity
2.25%
Trailing 12-Months
Asset Growth
7.09%
Trailing 12-Months
Company Description
Dayforce Inc
Ceridian HCM Holding, Inc. engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. The Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels. The Bureau solutions offer payroll and payroll-related services using legacy technology. The company was founded on July 3, 2013 and is headquartered in Minneapolis, MN.
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DAY Earnings Call
Q1 2024
0:00 / 0:00
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DAY Revenue Breakdown
85.70% Recurring
14.30% Professional services and other
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DAY Stock 12 Month Forecast
Average Price Target
$71.70
▲(18.12% Upside)
Technical Analysis
Best Analysts Covering DAY
1 Year
1 Year Success Rate
9/16 ratings generated profit
1 Year Average Return
+18.38%
reiterated a buy rating 5 days ago
Copying Daniel Jester's trades and holding each position for 1 Year would result in 56.25% of your transactions generating a profit, with an average return of +18.38% per trade.
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