Brokerages expect that Workday, Inc. (NASDAQ:WDAY) will announce earnings of $0.26 per share for the current quarter, Zacks reports. Thirty Six analysts have made estimates for Workday’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.19. Workday reported earnings of $0.29 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.3%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, May 31st.
On average, analysts expect that Workday will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $0.97 to $1.38. For the next year, analysts forecast that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.33 to $1.96. Zacks’ EPS averages are an average based on a survey of research analysts that cover Workday.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The firm had revenue of $582.48 million for the quarter, compared to the consensus estimate of $573.41 million. Workday had a negative return on equity of 16.31% and a negative net margin of 14.99%.
Several analysts recently issued reports on WDAY shares. KeyCorp raised their target price on Workday from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. Bank of America raised their target price on Workday from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Macquarie raised Workday from an “underperform” rating to a “neutral” rating in a research note on Monday, February 26th. Cleveland Research started coverage on Workday in a research note on Wednesday, January 31st. They issued a “buy” rating on the stock. Finally, ValuEngine raised Workday from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $124.42.
In other news, CEO Aneel Bhusri sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $127.23, for a total value of $9,542,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Duffield sold 397,053 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $125.96, for a total value of $50,012,795.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 673,318 shares of company stock worth $85,639,988. Insiders own 33.59% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of WDAY. Dimensional Fund Advisors LP boosted its position in shares of Workday by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 105,563 shares of the software maker’s stock worth $11,121,000 after purchasing an additional 3,839 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Workday by 74.0% in the 4th quarter. Bank of Montreal Can now owns 117,786 shares of the software maker’s stock worth $11,984,000 after purchasing an additional 50,075 shares in the last quarter. National Pension Service boosted its position in shares of Workday by 2.0% in the 4th quarter. National Pension Service now owns 147,624 shares of the software maker’s stock worth $15,019,000 after purchasing an additional 2,871 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Workday by 7.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 65,271 shares of the software maker’s stock worth $6,641,000 after purchasing an additional 4,313 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Workday by 6.5% in the 4th quarter. Gulf International Bank UK Ltd now owns 42,490 shares of the software maker’s stock worth $4,322,000 after purchasing an additional 2,600 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Workday traded up $0.29, hitting $130.79, during trading hours on Friday, according to MarketBeat Ratings. The company’s stock had a trading volume of 1,335,436 shares, compared to its average volume of 1,609,114. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $27.46 billion, a PE ratio of -102.98 and a beta of 1.80. Workday has a 12 month low of $92.79 and a 12 month high of $140.00.
Workday Company Profile
Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.
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