Workday (WDAY) Posts Earnings Results, Beats Expectations By $0.05 EPS

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Workday (NASDAQ:WDAY) posted its quarterly earnings results on Tuesday. The software maker reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05, Bloomberg Earnings reports. Workday had a negative return on equity of 14.60% and a negative net margin of 14.53%. The company had revenue of $671.70 million during the quarter, compared to the consensus estimate of $663.38 million. During the same period last year, the business earned $0.24 EPS. The business’s quarterly revenue was up 27.9% on a year-over-year basis.

Shares of NASDAQ:WDAY opened at $156.69 on Wednesday. Workday has a 1-year low of $95.35 and a 1-year high of $157.12. The company has a market cap of $33.38 billion, a PE ratio of -123.38 and a beta of 2.02. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.57.

A number of research analysts have recently commented on WDAY shares. BidaskClub raised Workday from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 8th. Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 price objective (up previously from $140.00) on shares of Workday in a report on Monday, May 21st. OTR Global lowered Workday to a “positive” rating in a report on Wednesday, May 23rd. Royal Bank of Canada increased their price objective on Workday to $155.00 and gave the company an “outperform” rating in a report on Tuesday, May 29th. Finally, BMO Capital Markets increased their price objective on Workday from $135.00 to $137.00 and gave the company a “market perform” rating in a report on Friday, June 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $135.07.

In other news, Director Michael A. Stankey sold 2,681 shares of Workday stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $133.24, for a total transaction of $357,216.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James P. Shaughnessy sold 2,178 shares of Workday stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $134.53, for a total value of $293,006.34. The disclosure for this sale can be found here. Insiders have sold a total of 446,338 shares of company stock worth $57,004,552 in the last three months. 33.59% of the stock is owned by insiders.

Workday Company Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Earnings History for Workday (NASDAQ:WDAY)

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