Ceridian HCM Holding Inc. (CDAY) is expected to grow earnings and revenues in the years ahead

Currently, Ceridian HCM Holding Inc. [CDAY] is trading at $72.79, up 4.36%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CDAY shares have gain 7.65% over the last week, with a monthly amount glided 15.65%, and seem to be holding up well over a long-time horizon.

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On 18, January 2023, Ceridian to Announce Fourth Quarter and Full-Year 2022 Financial Results on February 8th. In a post published today on Yahoo Finance, Ceridian HCM Holding Inc. (NYSE:CDAY) (TSX:CDAY), a global leader in human capital management (HCM) technology, announced today that it will release fourth quarter and full-year 2022 financial results after the close of regular market trading on Wednesday, February 8, 2023.

From an analyst’s perspective:

Ceridian HCM Holding Inc. [NYSE: CDAY] stock has seen the most recent analyst activity on January 09, 2023, when MoffettNathanson initiated its Market Perform rating and assigned the stock a price target of $68. Previously, Barclays upgraded its rating to Equal Weight on October 31, 2022, and elevated its price target to $64. On September 01, 2022, Citigroup initiated with a Buy rating and assigned a price target of $73 on the stock. Credit Suisse started tracking the stock assigning a Outperform rating and suggested a price target of $85 on March 23, 2022. Wolfe Research downgraded its rating to a Underperform. Wells Fargo reiterated a Equal Weight rating for this stock on February 10, 2022, and downed its price target to $85. In a note dated February 10, 2022, Piper Sandler reiterated an Neutral rating on this stock and revised its target price from $105 to $85.

This stock has fluctuated between a low of $43.23 and a high of $81.07 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $73.14 within the next 12 months. Ceridian HCM Holding Inc. [NYSE: CDAY] shares were valued at $72.79 at the most recent close of the market. An investor can expect a potential return of 0.48% based on the average CDAY price forecast.

Analyzing the CDAY fundamentals

Recent quarter sales for Ceridian HCM Holding Inc. [NYSE:CDAY] were 315.6 billion which represents 22.70% growth. Gross Margin for this corporation currently stands at +48.09% with Operating Margin at -2.74%, Pretax Margin comes in at -8.82%, and Net Margin reading is -7.36%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 70.22 points at the first support level, and at 67.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.18, and for the 2nd resistance point, it is at 75.57.

Ceridian HCM Holding Inc. [CDAY] reported earnings per share of $0.29 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of $0.16 and a surprise factor of 123.10%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.17 per share as compared to estimates of $0.11 per share, a difference of $0.06 representing a surprise of 54.50%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Ceridian HCM Holding Inc. [NYSE:CDAY] is 1.10. In addition, the Quick Ratio stands at 1.11 and the Cash Ratio stands at 0.10. Considering the valuation of this stock, the price to sales ratio is 15.34, the price to book ratio is 7.13.

Transactions by insiders

In the past 3 months, 2 insiders have purchased 30,570 shares, and 8 have sold 37,341 shares. Recent insider trading involved Turner Leagh Erin, Co-Chief Executive Officer, that happened on Jan 09 when 6500.0 shares were sold. Co-Chief Executive Officer, Turner Leagh Erin completed a deal on Dec 07 to sell 6500.0 shares. Meanwhile, EVP, Chief Customer Officer Holdridge Stephen H. sold 2000.0 shares on Nov 15.