Analysts predict that Paycom (NYSE:PAYC) will post $151.29 million in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Paycom’s earnings. The highest sales estimate is $152.10 million and the lowest is $150.52 million. Paycom posted sales of $119.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 26.6%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, May 1st.
On average, analysts expect that Paycom will report full-year sales of $544.77 million for the current year, with estimates ranging from $541.52 million to $552.00 million. For the next financial year, analysts expect that the company will post sales of $673.65 million per share, with estimates ranging from $661.66 million to $694.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Paycom.
Paycom (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. Paycom had a return on equity of 46.27% and a net margin of 15.43%. The company had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $113.01 million. During the same quarter last year, the business earned $0.18 earnings per share. Paycom’s revenue was up 29.8% on a year-over-year basis.
Shares of NYSE PAYC traded down $1.50 during mid-day trading on Friday, reaching $109.96. The company had a trading volume of 744,211 shares, compared to its average volume of 672,446. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. Paycom has a one year low of $57.71 and a one year high of $115.48. The stock has a market capitalization of $6,596.51, a P/E ratio of 124.95, a PEG ratio of 2.43 and a beta of 1.47.
Paycom announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
In other news, insider Jeffrey D. York sold 50,000 shares of Paycom stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $104.27, for a total transaction of $5,213,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of Paycom stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $98.45, for a total value of $1,082,950.00. The disclosure for this sale can be found here. Insiders have sold 104,750 shares of company stock worth $10,603,528 over the last three months. Insiders own 16.24% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Aperio Group LLC acquired a new stake in shares of Paycom during the fourth quarter valued at about $201,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Paycom by 49.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock worth $220,000 after acquiring an additional 908 shares during the period. Ramsey Quantitative Systems acquired a new position in shares of Paycom in the fourth quarter worth approximately $237,000. Cetera Advisors LLC acquired a new position in shares of Paycom in the fourth quarter worth approximately $241,000. Finally, Polen Capital Management LLC acquired a new position in shares of Paycom in the fourth quarter worth approximately $276,000. 87.64% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Paycom (PAYC) Will Announce Quarterly Sales of $151.29 Million” was first published by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://weekherald.com/2018/04/14/zacks-analysts-expect-paycom-payc-will-announce-quarterly-sales-of-151-29-million.html.
Paycom Company Profile
Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Paycom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom and related companies with MarketBeat.com's FREE daily email newsletter.