Paycor HCM (PYCR) Scheduled to Post Earnings on Wednesday

Paycor HCM (NASDAQ:PYCR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Paycor HCM has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $159.54 million during the quarter, compared to analyst estimates of $155.49 million. Paycor HCM had a negative net margin of 13.82% and a positive return on equity of 1.28%. On average, analysts expect Paycor HCM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Paycor HCM Stock Up 2.9 %

PYCR stock opened at $17.30 on Monday. The company has a market cap of $3.08 billion, a PE ratio of -36.04, a price-to-earnings-growth ratio of 5.87 and a beta of 0.54. The business has a 50-day simple moving average of $18.77 and a 200 day simple moving average of $19.98. Paycor HCM has a 52 week low of $16.48 and a 52 week high of $27.50.

Insider Activity at Paycor HCM

In related news, Director Jonathan Corr sold 1,508 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total value of $27,596.40. Following the completion of the sale, the director now directly owns 18,480 shares of the company’s stock, valued at approximately $338,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Alice L. Geene sold 1,577 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.39, for a total transaction of $29,001.03. Following the completion of the sale, the insider now directly owns 107,581 shares of the company’s stock, valued at approximately $1,978,414.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total value of $27,596.40. Following the sale, the director now directly owns 18,480 shares of the company’s stock, valued at $338,184. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PYCR has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target on shares of Paycor HCM in a research note on Thursday, April 25th. BTIG Research began coverage on Paycor HCM in a research note on Tuesday, February 6th. They set a “buy” rating and a $26.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.35.

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.