Ceridian HCM (NYSE:CDAY) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

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Ceridian HCM (NYSE:CDAY) issued its quarterly earnings data on Tuesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15), Briefing.com reports. The firm had revenue of $208.90 million for the quarter, compared to analysts’ expectations of $186.74 million. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis.

NYSE:CDAY traded up $0.53 during trading hours on Thursday, hitting $38.19. 1,771,600 shares of the company were exchanged, compared to its average volume of 635,856. Ceridian HCM has a 52-week low of $28.65 and a 52-week high of $41.02.

A number of brokerages have recently issued reports on CDAY. Piper Jaffray Companies began coverage on shares of Ceridian HCM in a research report on Monday, May 21st. They issued an “overweight” rating and a $41.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Ceridian HCM in a research report on Monday, May 21st. They issued a “hold” rating and a $37.00 price objective on the stock. Canaccord Genuity began coverage on shares of Ceridian HCM in a research report on Monday, May 21st. They issued a “hold” rating and a $36.00 price objective on the stock. Mitsubishi UFJ Financial Group started coverage on shares of Ceridian HCM in a research report on Monday, May 21st. They issued an “overweight” rating and a $46.00 price objective on the stock. Finally, Deutsche Bank started coverage on shares of Ceridian HCM in a research report on Monday, May 21st. They set a “hold” rating and a $40.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.91.

About Ceridian HCM

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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