Paycor HCM, Inc. (PYCR) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.11 per share a year ago.
PYCR's Q2 fiscal 2025 results are likely to benefit from increased migrations, go-to-market strategy, higher attach rates and AI implementation.
Paycor HCM -0.025 (-0.11%) Paychex +2.735 (+1.93%)
Needham downgraded Paycor HCM (PYCR) to Hold from Buy without a price target after the company entered into a definitive agreement to acquired by Paychex (PAYX) in an all-cash transaction for $22.50 per share, representing an enterprise value of approximately $4.1B. Paycor HCM -0.72 (-3.15%) Paychex +3.06 (+2.25%)
PYCR shares rise on revenue growth projections, product innovations, and strong demand in HCM and payroll solutions.
TD Cowen upgraded Paycor HCM to Buy from Hold with a price target of $22, up from $18. The firm says the company's recent investor day increased confidence in its ability to deliver mid-teens growth and "materially narrow the gap" in free cash flow margin versus peers over the medium-term. The analyst expects the shares to outperform the comp set as Paycor HCM executes toward its med-term targets and investors begin to acknowledge it has the most attractive risk/reward within the software-as-a-service human capital management group.
Paycor HCM, Inc. (PYCR) Q1 2025 Earnings Call Transcript
Paycor HCM, Inc. (PYCR) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.07 per share a year ago.
Paycor HCM provides human capital management software to organizations of all sizes. The firm's revenue growth is expected to slow from 19% to 13.6%, with a declining interest rate environment impacting interest income. Paycor's EV/Sales multiple of 3.2x is significantly lower than the SaaS industry median of 5.8x due to its slow growth and comparatively poor retention.
Paycor HCM, Inc. (NASDAQ:PYCR ) Q4 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Rachel White - Vice President of Investor Relations Raul Villar Jr. - Chief Executive Officer Adam Ante - Chief Financial Officer Conference Call Participants Terry Tillman - Truist Securities Gabriela Borges - Goldman Sachs Siti Panigrahi - Mizuho Group Samad Samana - Jefferies Scott Berg - Needham & Company Brian Peterson - Raymond James Jared Levine - TD Cowen Bhavin Shah - Deutsche Bank Mark Marcon - Baird Arti Vula - JPMorgan Steve Enders - Citi Daniel Jester - BMO Capital Markets Matt VanVliet - BTIG Jake Roberge - William Blair Kevin McVeigh - UBS Operator Greetings, and welcome to the Paycor Fourth Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Paycor HCM, Inc. (PYCR) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago.