Paycor HCM Gets Price Target Cuts By Analysts Following Q3 Results

Paycor HCM, Inc. PYCR reported better-than-expected Q3 results.

Paycor HCM posted quarterly earnings of $0.18 per share, beating market expectations of $0.15 per share. The company’s quarterly sales came in at $161.48 million versus estimates of $156.06 million.

Paycor HCM said it sees FY23 revenue of $548 to $550 million versus estimates of $542.88 million.

Paycor HCM shares rose 0.1% to $22.79 in pre-market trading.

These analysts made changes to their price targets on Paycor HCM following earnings announcement.

• Baird cut the price target on Paycor HCM from $39 to $36. Baird analyst Mark Marcon maintained an Outperform rating.
• Raymond James lowered the price target on Paycor HCM from $32 to $27. Raymond James analyst Brian Peterson maintained an Outperform rating
• Truist Securities reduced price target on Paycor HCM from $45 to $40. Truist Securities analyst Terry Tillman maintained a Buy rating on the stock.
• Credit Suisse cut price target on Paycor HCM from $35 to $30. Credit Suisse analyst Kevin Mcveigh maintained the stock with an Outperform rating.

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