Workday (WDAY) to Release Earnings on Tuesday

Workday (NASDAQ:WDAY) will be releasing its earnings data after the market closes on Tuesday, November 26th. Analysts expect Workday to post earnings of $1.72 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. On average, analysts expect Workday to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Workday Price Performance

WDAY stock opened at $267.75 on Monday. The stock has a market cap of $70.95 billion, a price-to-earnings ratio of 46.65, a P/E/G ratio of 5.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The company has a 50 day simple moving average of $247.71 and a 200 day simple moving average of $236.89. Workday has a 1 year low of $199.81 and a 1 year high of $311.28.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. This trade represents a 16.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $255.45, for a total value of $1,915,875.00. Following the completion of the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $22,990,500. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 359,954 shares of company stock worth $88,742,132. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WDAY. Wells Fargo & Company lifted their target price on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Thursday, September 19th. Loop Capital increased their price objective on Workday from $255.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Evercore ISI cut their target price on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $289.46.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.