As of close of business last night, Dayforce Inc’s stock clocked out at $62.77, up 0.85% from its previous closing price of $62.24. In other words, the price has increased by $+0.53 from its previous closing price. On the day, 680762 shares were traded.
Ratios:
To gain a deeper understanding of DAY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 93.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on January 10, 2024, initiated with a Buy rating and assigned the stock a target price of $75.
On November 07, 2023, UBS started tracking the stock assigning a Buy rating and target price of $87.
On October 23, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $74.Goldman initiated its Neutral rating on October 23, 2023, with a $74 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 22 ’24 when Armstrong Christopher R sold 60,000 shares for $69.14 per share. The transaction valued at 4,148,139 led to the insider holds 149,319 shares of the business.
Heuland Noemie Clemence sold 3,000 shares of DAY for $195,540 on Nov 10 ’23. The EVP, CFO now owns 58,353 shares after completing the transaction at $65.18 per share. On Nov 07 ’23, another insider, Turner Leagh Erin, who serves as the Co-Chief Executive Officer of the company, sold 7,084 shares for $66.05 each. As a result, the insider received 467,930 and left with 245,201 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DAY now has a Market Capitalization of 9.76B and an Enterprise Value of 10.44B. As of this moment, Dayforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 182.21, and their Forward P/E ratio for the next fiscal year is 30.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.49 while its Price-to-Book (P/B) ratio in mrq is 4.09. Its current Enterprise Value per Revenue stands at 6.90 whereas that against EBITDA is 39.45.
Stock Price History:
Over the past 52 weeks, DAY has reached a high of $75.53, while it has fallen to a 52-week low of $55.62. The 50-Day Moving Average of the stock is 68.13, while the 200-Day Moving Average is calculated to be 68.64.
Shares Statistics:
It appears that DAY traded 1.40M shares on average per day over the past three months and 1.63M shares per day over the past ten days. A total of 156.30M shares are outstanding, with a floating share count of 150.26M. Insiders hold about 4.05% of the company’s shares, while institutions hold 109.02% stake in the company. Shares short for DAY as of Mar 15, 2024 were 8.84M with a Short Ratio of 6.91, compared to 9.79M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.68% and a Short% of Float of 8.64%.
Earnings Estimates
As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.42 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.36, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.39, with high estimates of $0.45 and low estimates of $0.35.
Analysts are recommending an EPS of between $1.84 and $1.42 for the fiscal current year, implying an average EPS of $1.65. EPS for the following year is $2.03, with 14 analysts recommending between $2.4 and $1.59.
Revenue Estimates
In the current quarter, 16 analysts expect revenue to total $426.08M. It ranges from a high estimate of $429M to a low estimate of $425M. As of the current estimate, Dayforce Inc’s year-ago sales were $361.07M, an estimated increase of 18.00% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $417.51M, an increase of 16.50% less than the figure of $18.00% in the same quarter last year. There is a high estimate of $423.4M for the next quarter, whereas the lowest estimate is $408.46M.
A total of 17 analysts have provided revenue estimates for DAY’s current fiscal year. The highest revenue estimate was $1.73B, while the lowest revenue estimate was $1.72B, resulting in an average revenue estimate of $1.73B. In the same quarter a year ago, actual revenue was $1.51B, up 14.00% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $1.97B in the next fiscal year. The high estimate is $2.03B and the low estimate is $1.94B. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.
