Paycor HCM (NASDAQ:PYCR) Issues Earnings Results

Paycor HCM (NASDAQ:PYCR) issued its quarterly earnings results 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 positive return on equity of 3.41% and a negative net margin of 6.72%.

Paycor HCM Price Performance

Shares of NASDAQ PYCR traded up $0.01 during midday trading on Wednesday, hitting $22.14. 5,968,249 shares of the company’s stock were exchanged, compared to its average volume of 4,469,959. The stock’s 50 day moving average price is $20.44 and its 200-day moving average price is $16.45. The firm has a market cap of $3.98 billion, a P/E ratio of -85.15, a PEG ratio of 4.18 and a beta of 0.53. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $22.50 price objective (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price objective on shares of Paycor HCM in a report on Monday, January 6th. Stephens reiterated an “equal weight” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Finally, Raymond James cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.