Workday (WDAY) to Release Quarterly Earnings on Tuesday

Workday (NASDAQ:WDAY) will be announcing its earnings results after the market closes on Tuesday, November 26th. Analysts expect the company to announce 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 quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business earned $0.40 EPS. Workday’s quarterly revenue was up 16.5% on a year-over-year basis. 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

NASDAQ:WDAY opened at $259.36 on Tuesday. Workday has a 12 month low of $199.81 and a 12 month high of $311.28. The stock has a 50 day moving average of $246.86 and a two-hundred day moving average of $236.54. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market cap of $68.73 billion, a P/E ratio of 45.18, a price-to-earnings-growth ratio of 5.15 and a beta of 1.35.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WDAY shares. Evercore ISI cut their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 price target on shares of Workday in a research report on Friday, September 13th. Bank of America upped their price target on Workday from $265.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Citigroup dropped their price target on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group upped their price target on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $289.46.

Insider Activity at Workday

In other Workday news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total transaction of $738,934.52. Following the transaction, the insider now owns 85,795 shares of the company’s stock, valued at approximately $20,228,745.10. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 39.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 over the last quarter. 20.00% of the stock is owned by insiders.

Workday Company Profile

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.