Ceridian HCM Holding Inc (CDAY) Expected to Announce Earnings of $0.08 Per Share

Wall Street brokerages expect Ceridian HCM Holding Inc (NYSE:CDAY) to post earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Ceridian HCM’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.12. The firm is scheduled to report its next earnings results 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 year, with EPS estimates ranging from ($0.14) to ($0.01). For the next financial year, analysts anticipate that the business will report earnings of $0.46 per share, with EPS estimates ranging from $0.43 to $0.49. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Ceridian HCM.

Ceridian HCM (NYSE:CDAY) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Ceridian HCM had a negative net margin of 2.25% and a positive return on equity of 2.64%. The business had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $176.29 million. The firm’s quarterly revenue was up 9.8% on a year-over-year basis.

CDAY has been the topic of a number of recent analyst reports. William Blair upgraded shares of Ceridian HCM from a “market perform” rating to an “outperform” rating in a research note on Friday, August 10th. Citigroup cut their price objective on shares of Ceridian HCM from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, August 10th. Canaccord Genuity restated a “hold” rating and set a $36.00 price objective on shares of Ceridian HCM in a research note on Friday, August 10th. Guggenheim initiated coverage on shares of Ceridian HCM in a research note on Monday, August 20th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Ceridian HCM from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.86.

Shares of NYSE CDAY traded up $0.70 during midday trading on Friday, reaching $37.04. 790,134 shares of the company traded hands, compared to its average volume of 662,256. Ceridian HCM has a 52 week low of $28.65 and a 52 week high of $44.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.03.

In related news, CFO Arthur Gitajn sold 135,755 shares of Ceridian HCM stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $36.18, for a total value of $4,911,615.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cannae Holdings, Inc. sold 4,396,694 shares of Ceridian HCM stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $34.70, for a total value of $152,565,281.80. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently modified their holdings of the stock. JS Capital Management LLC purchased a new position in Ceridian HCM in the 2nd quarter worth about $6,638,000. BlackRock Inc. purchased a new position in Ceridian HCM in the 2nd quarter worth about $28,814,000. Waddell & Reed Financial Inc. purchased a new position in Ceridian HCM in the 2nd quarter worth about $20,880,000. Mackay Shields LLC purchased a new position in Ceridian HCM in the 2nd quarter worth about $1,286,000. Finally, K2 Principal Fund L.P. purchased a new position in Ceridian HCM in the 2nd quarter worth about $2,906,000. 70.02% of the stock is currently owned by hedge funds and other institutional investors.

About Ceridian HCM

Ceridian HCM Holding, Inc engages in the provision of human capital management services. It operates through Human Capital Management (HCM), and LifeWorks segments. The Human Capital Management segment includes cloud solutions, dayforce and powerplay, as well as bureau HCM solutions. The LifeWorks segment reflects the results of LifeWorks joint venture.

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

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