Paycor HCM, Inc. (NASDAQ:PYCR) Expected to Post Quarterly Sales of $103.55 Million

Analysts expect Paycor HCM, Inc. (NASDAQ:PYCRGet Rating) to report sales of $103.55 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Paycor HCM’s earnings, with the highest sales estimate coming in at $103.80 million and the lowest estimate coming in at $103.47 million. Paycor HCM reported sales of $88.01 million in the same quarter last year, which indicates a positive year over year growth rate of 17.7%. The firm is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Paycor HCM will report full year sales of $420.75 million for the current fiscal year, with estimates ranging from $413.60 million to $422.20 million. For the next year, analysts anticipate that the firm will report sales of $493.13 million, with estimates ranging from $476.00 million to $511.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Paycor HCM.

Paycor HCM (NASDAQ:PYCRGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Paycor HCM had a negative net margin of 31.65% and a negative return on equity of 1.89%. The firm had revenue of $122.60 million for the quarter, compared to analysts’ expectations of $117.64 million. Paycor HCM’s revenue was up 22.7% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. Cowen lifted their target price on shares of Paycor HCM from $29.00 to $30.00 in a research note on Thursday, March 31st. Credit Suisse Group reduced their price objective on shares of Paycor HCM from $44.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Paycor HCM from $38.00 to $28.00 in a research note on Friday, January 21st. DA Davidson assumed coverage on shares of Paycor HCM in a research note on Tuesday, March 29th. They issued a “neutral” rating and a $29.00 price objective for the company. Finally, BMO Capital Markets initiated coverage on shares of Paycor HCM in a research note on Tuesday, February 1st. They issued a “market perform” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.88.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Polar Asset Management Partners Inc. increased its stake in Paycor HCM by 99.9% in the first quarter. Polar Asset Management Partners Inc. now owns 468,191 shares of the company’s stock valued at $13,629,000 after acquiring an additional 234,000 shares during the period. Royal Bank of Canada lifted its position in shares of Paycor HCM by 37.7% during the first quarter. Royal Bank of Canada now owns 183,724 shares of the company’s stock worth $5,347,000 after purchasing an additional 50,297 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Paycor HCM during the first quarter worth approximately $470,000. First Republic Investment Management Inc. acquired a new position in shares of Paycor HCM during the first quarter worth approximately $215,000. Finally, California State Teachers Retirement System lifted its holdings in Paycor HCM by 14.4% in the first quarter. California State Teachers Retirement System now owns 20,298 shares of the company’s stock valued at $591,000 after buying an additional 2,560 shares during the period. 25.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PYCR opened at $23.09 on Friday. The firm has a fifty day moving average of $26.81 and a two-hundred day moving average of $27.73. The firm has a market capitalization of $4.04 billion and a P/E ratio of -28.86. Paycor HCM has a 12-month low of $20.14 and a 12-month high of $39.71.

About Paycor HCM (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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Earnings History and Estimates for Paycor HCM (NASDAQ:PYCR)

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