Paycom Software, Inc. (NYSE:PAYC) will hold its Q4 2024 Earnings Conference Call on February 12, 2025, at 5:00 PM ET. The call will feature company representatives including James Samford, Chad Richison, and Craig Boelte, along with various participants from financial institutions. The operator for the call is Cameron, who will assist with the proceedings.
Paycom Software (PAYC) reported quarterly earnings of $2.32 per share, which is higher than the Zacks Consensus Estimate of $1.99 per share. This is an increase compared to earnings of $1.93 per share from the same period last year.
Here is our first impression of Paycom Software's (PAYC 1.81%) financial report for the fourth quarter.
Paycom Software, a company that specializes in human capital management (HCM) solutions, announced its fourth-quarter earnings on February 12, which were better than what analysts had predicted. The revenue for Q4 was $493.8 million, surpassing both the company's own forecast and the analysts' average estimate of $481 million.
OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a top provider of cloud-based human capital management software, announced that its Board of Directors has approved a cash dividend of $0.375 per share of common stock. This dividend will be paid on March 24, 2025, to all shareholders who are on record as of the end of business on March 10, 2025. Paycom has been making business and employee management easier for over 25 years.
Even with challenges in the economy, PAYC's strong customer base, automation efforts, and growth in international markets are expected to support its Q4 performance.
Paycom Software Inc. is in the competitive payroll and human capital management market, yet it has achieved a compound annual growth rate (CAGR) of over 27% since it started. The company shows solid financial performance, boasting a gross profit margin of over 80%. Even though its stock has faced some challenges recently, Paycom is considered undervalued and is rated as a Strong Buy, with a long-term expected return of 14.50%.
In the last year, Paycom has achieved double-digit returns, similar to other cloud computing companies. The company's move towards a more automated range of products seems to be gaining popularity in the market. Additionally, PAYC's operating cash flow is improving, and with a projected 10% decrease in capital expenditures next year, it seems likely that shareholders will see better rewards.
Paycom Software, Inc. (NYSE: PAYC), a top provider of cloud-based human capital management software, will announce its fourth quarter and full year results for 2024 after the market closes on February 12. A conference call to discuss these results will take place at 5 p.m. Eastern Time on the same day. Interested parties can join the call using the provided dial-in numbers and access code.
On Wednesday, December 18, 2024, the S&P 500 dropped by 3% after the Federal Reserve lowered interest rates but expressed caution regarding future policy changes.