Paycor HCM (PYCR) Set to Announce Quarterly Earnings on Wednesday

Paycor HCM (NASDAQ:PYCR) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Paycor HCM to post 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 issued its earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Paycor HCM had a positive return on equity of 1.28% and a negative net margin of 13.82%. The company had revenue of $159.54 million during the quarter, compared to the consensus estimate of $155.49 million. 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 Down 1.4 %

Shares of PYCR opened at $17.37 on Wednesday. Paycor HCM has a twelve month low of $16.56 and a twelve month high of $27.50. The stock has a market cap of $3.09 billion, a PE ratio of -36.19, a P/E/G ratio of 6.06 and a beta of 0.50. The business’s 50-day moving average price is $18.98 and its 200-day moving average price is $20.15.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of Paycor HCM in a research note on Thursday, April 25th. BTIG Research started coverage on Paycor HCM in a research report on Tuesday, February 6th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and set a $22.00 price objective (down previously from $27.00) on shares of Paycor HCM in a research note on Friday, January 5th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.35.

Insiders Place Their Bets

In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of Paycor HCM stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.39, for a total transaction of $29,001.03. Following the transaction, the insider now directly owns 107,581 shares of the company’s stock, valued at $1,978,414.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the business’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 completion of the sale, the director now directly owns 18,480 shares of the company’s stock, valued at $338,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alice L. Geene sold 1,577 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.39, for a total value of $29,001.03. Following the transaction, the insider now directly owns 107,581 shares in the company, valued at $1,978,414.59. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

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.