Paycor HCM (NASDAQ:PYCR) Posts Earnings Results, Misses Estimates By $0.04 EPS

Paycor HCM (NASDAQ:PYCR) posted its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share 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 Performance

Shares of PYCR stock traded up $0.01 during mid-day trading on Wednesday, hitting $22.14. The company’s stock had a trading volume of 5,968,664 shares, compared to its average volume of 4,470,094. The company has a market cap of $3.98 billion, a PE ratio of -85.15, a P/E/G ratio of 4.18 and a beta of 0.53. The company’s fifty day simple moving average is $20.44 and its 200-day simple moving average is $16.45. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49.

Wall Street Analysts Forecast Growth

PYCR has been the topic of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Paycor HCM in a research note on Monday, January 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 price objective (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. Truist Financial reissued a “hold” rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Finally, Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.81.

About Paycor HCM

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.