Paycor HCM, Inc. to Post FY2022 Earnings of ($0.14) Per Share, DA Davidson Forecasts (NASDAQ:PYCR)

Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) – Analysts at DA Davidson issued their FY2022 earnings estimates for Paycor HCM in a report released on Monday, May 9th. DA Davidson analyst R. Simmons anticipates that the company will earn ($0.14) per share for the year. DA Davidson currently has a “Neutral” rating and a $29.00 target price on the stock. DA Davidson also issued estimates for Paycor HCM’s Q4 2022 earnings at ($0.05) EPS and FY2023 earnings at $0.00 EPS.

Paycor HCM (NASDAQ:PYCR – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.64 million. Paycor HCM had a negative return on equity of 1.99% and a negative net margin of 31.65%. Paycor HCM’s revenue was up 22.7% on a year-over-year basis.

A number of other analysts have also commented on PYCR. Cowen lifted their price objective on Paycor HCM from $29.00 to $30.00 in a research report on Thursday, March 31st. Zacks Investment Research cut Paycor HCM from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Citigroup began coverage on Paycor HCM in a report on Tuesday, February 1st. They set a “hold” rating and a $26.00 target price on the stock. Credit Suisse Group reduced their target price on Paycor HCM from $44.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, February 4th. Finally, BMO Capital Markets began coverage on Paycor HCM in a report on Tuesday, February 1st. They set a “market perform” rating and a $26.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $34.88.

Shares of PYCR stock opened at $21.32 on Thursday. The stock has a 50-day moving average price of $27.31 and a 200 day moving average price of $28.07. The firm has a market cap of $3.73 billion and a price-to-earnings ratio of -26.65. Paycor HCM has a 12 month low of $21.08 and a 12 month high of $39.71.

Large investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY acquired a new position in shares of Paycor HCM during the 3rd quarter worth approximately $35,000. BDO Wealth Advisors LLC acquired a new position in shares of Paycor HCM during the 1st quarter worth approximately $29,000. US Bancorp DE acquired a new position in shares of Paycor HCM during the 3rd quarter worth approximately $45,000. Royal Bank of Canada acquired a new position in shares of Paycor HCM during the 3rd quarter worth approximately $48,000. Finally, FourThought Financial LLC acquired a new position in shares of Paycor HCM during the 3rd quarter worth approximately $92,000. 25.93% of the stock is currently owned by hedge funds and other institutional investors.

Paycor HCM Company Profile (Get Rating)

Paycor HCM, Inc 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. The company's SaaS based people management products include Core HCM and Payroll, a calculation engine that enables real-time changes in payroll processing; Workforce Management, a solution with flexible time entry, overtime calculations, and scheduling capabilities with real-time payroll synchronization; Benefits Administration, a decision support solution to help leaders to streamline and optimize company's benefits administration; Talent Management, an integrated compensation and performance management solution; and Employee Engagement, a solution with interactive learning tools and AI-powered surveys.

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