Workday (WDAY) to Release Earnings on Thursday

Workday (NASDAQ:WDAY) is set to release its earnings data after the market closes on Thursday, August 22nd. Analysts expect Workday to post earnings of $1.63 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Workday’s quarterly revenue was up 18.1% 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

Shares of WDAY stock opened at $232.46 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market capitalization of $61.60 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 5.84 and a beta of 1.35. The firm’s 50-day moving average is $221.78 and its two-hundred day moving average is $248.68. Workday has a 12 month low of $199.81 and a 12 month high of $311.28.

Wall Street Analyst Weigh In

Several research firms have recently commented on WDAY. Stifel Nicolaus reduced their price target on shares of Workday from $290.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday, May 24th. Wells Fargo & Company decreased their price target on Workday from $275.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. UBS Group cut their price objective on Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Workday in a research report on Friday, May 24th. Finally, BMO Capital Markets lowered their target price on shares of Workday from $338.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.85.

Insider Buying and Selling at Workday

In related news, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the completion of the sale, the insider now directly owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $226.67, for a total transaction of $710,383.78. Following the transaction, the insider now directly owns 92,014 shares in the company, valued at $20,856,813.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 82,762 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $21,658,209.16. The disclosure for this sale can be found here. Insiders have sold a total of 524,672 shares of company stock worth $115,938,834 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

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.