Paylocity Holding Corporation (PCTY) Scheduled to Post Quarterly Earnings on Thursday
Paylocity Holding Corporation (NASDAQ:PCTY) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Paylocity Holding Corporation has set its Q1 guidance at $0.10-0.12 EPS and its FY18 guidance at $0.78-0.80 EPS.
Paylocity Holding Corporation (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The firm had revenue of $76.10 million during the quarter, compared to the consensus estimate of $73.79 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. On average, analysts expect Paylocity Holding Corporation to post $0.81 EPS for the current fiscal year and $1.03 EPS for the next fiscal year.
Shares of Paylocity Holding Corporation (NASDAQ PCTY) opened at 51.18 on Thursday. Paylocity Holding Corporation has a 12 month low of $29.69 and a 12 month high of $52.00. The company has a market cap of $2.65 billion, a P/E ratio of 426.50 and a beta of 2.23. The firm has a 50-day moving average price of $48.74 and a 200 day moving average price of $45.93.
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Several research firms have commented on PCTY. Bank of America Corporation lifted their price objective on shares of Paylocity Holding Corporation from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho reaffirmed a “hold” rating and set a $45.00 price objective on shares of Paylocity Holding Corporation in a research note on Thursday, October 12th. ValuEngine raised shares of Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and set a $55.00 price objective on shares of Paylocity Holding Corporation in a research note on Sunday, September 10th. Finally, Zacks Investment Research lowered shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Paylocity Holding Corporation presently has a consensus rating of “Hold” and a consensus target price of $52.15.
About Paylocity Holding Corporation
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company’s services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture.
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