$0.09 Earnings Per Share Expected for Ceridian HCM Holding Inc. (NYSE:CDAY) This Quarter


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Wall Street analysts expect Ceridian HCM Holding Inc. (NYSE:CDAY) to post earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Ceridian HCM’s earnings, with estimates ranging from $0.07 to $0.12. Ceridian HCM posted earnings per share of $0.15 during the same quarter last year, which indicates a negative year over year growth rate of 40%. The firm is scheduled to issue its next earnings results on Wednesday, May 5th.

On average, analysts expect that Ceridian HCM will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.35 to $0.50. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.50 to $0.64. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ceridian HCM.

Ceridian HCM (NYSE:CDAY) last issued its earnings results on Monday, February 8th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Ceridian HCM had a return on equity of 1.34% and a net margin of 1.40%.

A number of equities research analysts recently commented on the stock. Mizuho upped their price target on shares of Ceridian HCM from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, December 16th. BMO Capital Markets upgraded shares of Ceridian HCM from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $112.00 to $115.00 in a report on Tuesday, February 16th. JPMorgan Chase & Co. raised Ceridian HCM from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $52.00 to $87.00 in a research note on Tuesday, November 3rd. Credit Suisse Group lowered their price target on Ceridian HCM from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, February 10th. Finally, Wells Fargo & Company lifted their price objective on Ceridian HCM from $101.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $93.24.

In other news, COO Leagh Erin Turner sold 4,083 shares of the business’s stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $101.50, for a total transaction of $414,424.50. Insiders have sold 14,083 shares of company stock valued at $1,415,875 in the last three months. Insiders own 17.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in shares of Ceridian HCM by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the company’s stock worth $3,463,000 after buying an additional 100 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Ceridian HCM by 1.2% in the fourth quarter. Profund Advisors LLC now owns 8,923 shares of the company’s stock worth $951,000 after acquiring an additional 109 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Ceridian HCM by 2.4% during the third quarter. CIBC Asset Management Inc now owns 5,586 shares of the company’s stock valued at $462,000 after acquiring an additional 130 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Ceridian HCM by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 5,600 shares of the company’s stock worth $596,000 after purchasing an additional 200 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Ceridian HCM by 1.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,703 shares of the company’s stock worth $1,227,000 after purchasing an additional 210 shares in the last quarter.

NYSE:CDAY opened at $93.30 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 1.23. Ceridian HCM has a fifty-two week low of $38.40 and a fifty-two week high of $111.93. The firm has a market cap of $13.79 billion, a PE ratio of 1,166.40 and a beta of 1.39. The business has a 50 day moving average price of $99.88 and a 200-day moving average price of $90.91.

Ceridian HCM Company Profile

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States, Canada, 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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