Waystar (WAY) Expected to Announce Quarterly Earnings on Wednesday

Waystar (NASDAQ:WAY) is projected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Waystar to post earnings of $0.15 per share for the quarter. Waystar has set its FY24 guidance at $0.30-$0.32 EPS and its FY 2024 guidance at 0.300-0.320 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $223.82 million. Waystar’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts expect Waystar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Waystar Stock Performance

Shares of NASDAQ:WAY opened at $40.71 on Wednesday. The firm’s 50 day simple moving average is $35.00 and its two-hundred day simple moving average is $29.47. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 1-year low of $20.26 and a 1-year high of $40.72.

Insider Activity

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group increased their price target on Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research note on Friday, November 22nd. Bank of America increased their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. Evercore ISI boosted their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their target price on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $35.10.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.