Paycor HCM (NASDAQ:PYCR) Issues Earnings Results

Paycor HCM (NASDAQ:PYCR) announced its quarterly earnings data on Wednesday. The company reported $0.07 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 Trading Up 0.0 %

Paycor HCM stock traded up $0.01 during trading hours on Wednesday, reaching $22.14. 5,968,664 shares of the stock were exchanged, compared to its average volume of 4,470,094. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49. The company has a market cap of $3.98 billion, a P/E ratio of -85.15, a price-to-earnings-growth ratio of 4.18 and a beta of 0.53. The stock has a 50 day moving average of $20.44 and a two-hundred day moving average of $16.45.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $30.00 price target on shares of Paycor HCM in a report on Monday, January 6th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group upped their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Mizuho raised their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Paycor HCM currently 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.