Paycor HCM (NASDAQ:PYCR) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Paycor HCM (NASDAQ:PYCR) announced its quarterly earnings data on Wednesday. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04), Zacks reports. Paycor HCM had a negative net margin of 6.72% and a positive return on equity of 3.41%.

Paycor HCM Stock Down 0.1 %

Shares of NASDAQ PYCR traded down $0.02 during trading hours on Thursday, reaching $22.13. 1,614,600 shares of the stock traded hands, compared to its average volume of 4,348,775. The company’s 50-day simple moving average is $20.52 and its two-hundred day simple moving average is $16.49. The company has a market capitalization of $3.97 billion, a P/E ratio of -85.10, a price-to-earnings-growth ratio of 4.18 and a beta of 0.53. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Stifel Nicolaus increased their target price on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Mizuho raised their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Paycor HCM in a report on Thursday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.81.

Paycor HCM Company Profile

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.