Q3 2018 EPS Estimates for Ceridian HCM Holding Inc (CDAY) Reduced by Piper Jaffray Companies

Ceridian HCM Holding Inc (NYSE:CDAY) – Research analysts at Piper Jaffray Companies cut their Q3 2018 EPS estimates for shares of Ceridian HCM in a note issued to investors on Thursday, August 9th. Piper Jaffray Companies analyst A. Zukin now anticipates that the company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.08. Piper Jaffray Companies has a “Overweight” rating and a $41.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Ceridian HCM’s Q4 2018 earnings at $0.15 EPS, FY2018 earnings at ($0.13) EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.25 EPS, FY2019 earnings at $0.61 EPS, Q1 2020 earnings at $0.23 EPS, Q2 2020 earnings at $0.22 EPS and FY2020 earnings at $1.05 EPS.

CDAY has been the subject of a number of other research reports. Barclays started coverage on Ceridian HCM in a research report on Monday, May 21st. They issued an “equal weight” rating and a $36.00 target price for the company. Canaccord Genuity reissued a “hold” rating and issued a $36.00 target price on shares of Ceridian HCM in a research report on Friday. Jefferies Financial Group started coverage on Ceridian HCM in a research report on Monday, May 21st. They issued a “hold” rating and a $37.00 target price for the company. Deutsche Bank started coverage on Ceridian HCM in a research report on Monday, May 21st. They issued a “hold” rating and a $40.00 target price for the company. Finally, William Blair started coverage on Ceridian HCM in a research report on Monday, May 21st. They issued a “market perform” rating for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ceridian HCM currently has an average rating of “Hold” and a consensus target price of $38.64.

Shares of Ceridian HCM stock opened at $35.19 on Monday. Ceridian HCM has a 1 year low of $28.65 and a 1 year high of $42.46. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.23.

Ceridian HCM (NYSE:CDAY) last announced its quarterly earnings results on Tuesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.15). The company had revenue of $208.90 million for the quarter, compared to the consensus estimate of $186.74 million. Ceridian HCM’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.25) EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDAY. Lee Thomas H Partners LP purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $2,306,874,000. Fidelity National Financial Inc. purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $33,190,000. BlackRock Inc. purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $28,814,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $27,807,000. Finally, FMR LLC purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $26,561,000. 50.91% of the stock is owned by hedge funds and other institutional investors.

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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