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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$58.17
Volume1.05M
Average Volume (3M)1.46M
Market Cap
$9.19B
Enterprise Value$9.86B
Total Cash (Recent Filing)$570.30M
Total Debt (Recent Filing)$1.24B
Price to Earnings (P/E)178.4
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. Volume2,097,024
30 Day Avg. Volume1,457,520
Standard Deviation0.11
R-Squared0.41
Alpha-0.00506
Financial Highlights & Ratios
Price to Book (P/B)-71.85
Price to Sales (P/S)6.07
Price to Cash Flow (P/CF)25.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.74
Enterprise Value/Gross Profit15.25
Enterprise Value/Ebitda36.65
Forecast
1Y Price Target
$73.22Price Target Upside23.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Dayforce Inc News
PremiumPress Releases
Dayforce Releases Dayforce Partner Exchange
Bulls Say, Bears Say
Bulls Say
Financial PerformanceDayforce's strong financial performance is highlighted by surpassing investor expectations with robust total revenue growth and EBITDA figures, showcasing the company's solid fiscal health.
Revenue GrowthThe company's revised revenue growth guidance suggests a significant increase driven by expanding international opportunities, indicating a broadening market presence and potential for increased profitability.
Strategic Government ContractDayforce is positioned for a substantial revenue boost from a potential government contract to overhaul the Canadian federal payroll system, which could lead to further opportunities with provincial and local governments.
Bears Say
Accounting PracticesBlue 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 growth was modestly below consensus and potentially investor expectations.
Financial PerformanceShares were weak on a reduction in GAAP recurring revenue guidance for the remainder of the year.
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Ownership Overview
10.71% Insiders
55.10% Mutual Funds
20.83% Other Institutional Investors
13.36% 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 83 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
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$73.22 (23.72% Upside)
$73.22 (23.72% 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 ▼ 2.7%
Last 30 Days ▼ 6.4%
Last 30 Days ▼ 6.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
2.59%
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
$73.22
▲(23.72% Upside)
Technical Analysis
Best Analysts Covering DAY
1 Year
1 Year Success Rate
9/16 ratings generated profit
1 Year Average Return
+17.91%
reiterated a buy rating 3 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 +17.91% per trade.
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