Workday (NASDAQ:WDAY) Releases Earnings Results, Beats Expectations By $0.13 EPS

Workday (NASDAQ:WDAY) released its quarterly earnings data on Tuesday. The software maker reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13, Briefing.com reports. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. Workday’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share.

Workday Price Performance

Shares of WDAY opened at $253.40 on Thursday. The firm has a market cap of $67.15 billion, a PE ratio of 42.02, a P/E/G ratio of 5.36 and a beta of 1.35. Workday has a 1-year low of $199.81 and a 1-year high of $311.28. 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 fifty day simple moving average of $248.62 and a two-hundred day simple moving average of $237.33.

Insider Buying and Selling

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. The trade was a 17.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of the company’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 completion of the sale, the insider now owns 102,997 shares of the company’s stock, 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 sold 359,954 shares of company stock valued at $88,742,132 over the last 90 days. Company insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on WDAY shares. The Goldman Sachs Group raised their price target on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 19th. DA Davidson lifted their price objective on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Barclays decreased their target price on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday. JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. Finally, Loop Capital decreased their price objective on Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.14.

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.