Workday (WDAY) Set to Announce Earnings on Tuesday

Workday (NASDAQ:WDAY) is set to release 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $0.40 earnings per share. Workday’s revenue for the quarter 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 Trading Down 0.1 %

Shares of NASDAQ:WDAY opened at $267.75 on Friday. Workday has a 12-month low of $199.81 and a 12-month high of $311.28. The company has a market capitalization of $70.95 billion, a PE ratio of 46.65, a PEG ratio of 5.32 and a beta of 1.35. The business has a 50 day moving average of $247.71 and a two-hundred day moving average of $236.98. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Friday, September 13th. Barclays boosted their price target on Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Bank of America boosted their price objective on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price objective on shares of Workday in a research note on Wednesday, September 18th. Finally, DA Davidson upped their price target on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. One equities research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.46.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This trade represents a 39.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the transaction, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is currently owned by company insiders.

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.