Paycor HCM (NASDAQ:PYCR) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Paycor HCM (NASDAQ:PYCR) announced its earnings results on Wednesday. The company reported $0.07 earnings per share 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 Stock Performance

NASDAQ:PYCR opened at $22.16 on Friday. The stock’s 50-day moving average is $20.60 and its 200-day moving average is $16.52. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PYCR shares. Truist Financial reiterated a “hold” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. TD Cowen cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Jefferies Financial Group increased their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Mizuho increased their price target on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and an average price target of $21.81.

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.