Paychex (NASDAQ: PAYX) is expected to release its quarterly results before the market opens on Wednesday, December 22. Analysts expect Paychex to post earnings of $ 0.79 per share for the quarter. People who wish to listen to the corporate earnings conference call can do so using this link.
Paychex (NASDAQ: PAYX) last released its quarterly profit data on Wednesday, September 29. The business services provider reported earnings per share of $ 0.89 for the quarter, beating the consensus estimate of $ 0.80 by $ 0.09. Paychex had a net margin of 28.98% and a return on equity of 40.40%. The company posted revenue of $ 1.09 billion for the quarter, compared to analysts’ expectations of $ 1.04 billion. In the same quarter of the previous year, the company posted earnings per share of $ 0.63. Paychex’s revenue for the quarter increased 16.8% year-on-year. On average, analysts expect Paychex to post EPS of $ 3 for the current fiscal year and EPS of $ 4 for the next fiscal year.
Paychex shares opened at $ 122.43 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27, and a debt ratio of 0.26. Paychex has a twelve month minimum of $ 85.30 and a twelve month maximum of $ 126.82. The stock has a market cap of $ 44.15 billion, a price / earnings ratio of 36.33, a P / E / G ratio of 4.70 and a beta of 0.90. The company’s fifty-day moving average is $ 122.33 and its 200-day moving average is $ 114.53.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 29. Investors registered on Monday, November 1 received a dividend of $ 0.66. The ex-dividend date was Friday October 29. This represents an annualized dividend of $ 2.64 and a dividend yield of 2.16%. Paychex’s dividend payout ratio is 78.34%.
In other Paychex news, CFO Efrain Rivera sold 747 shares in a trade that took place on Wednesday, December 8. The shares were sold for an average price of $ 123.04, for a total value of $ 91,910.88. The transaction was disclosed in a legal file with the SEC, which is available through this link. Additionally, Vice President Michael E. Gioja sold 591 shares in a trade that took place on Wednesday, December 8. The stock was sold for an average price of $ 123.04, for a total trade of $ 72,716.64. Disclosure of this sale can be found here. Insiders have sold a total of 12,557 shares of the company valued at $ 1,512,213 in the past ninety days. 11.50% of the shares are currently held by insiders.
PAYX has been the subject of several recent analyst reports. Stifel Nicolaus raised his target price on Paychex stock from $ 114.00 to $ 118.00 and gave the company a “conservation” rating in a report released on Thursday, September 30. Citigroup lowered its target price on Paychex shares to $ 125 and set the stock’s “neutral” rating in a report released on Wednesday, October 13. Barclays raised its price target on Paychex shares from $ 106.00 to $ 115 and gave the company an “equal weight” rating in a report released on Monday, October 4. Robert W. Baird increased his target price on Paychex shares from $ 111.00 to $ 120.00 and rated the company “neutral” in a report released on Monday, October 4. Finally, Morgan Stanley raised its price target on Paychex shares from $ 97.00 to $ 105 and gave the company an “equal weight” rating in a report released on Friday, October 1. Three analysts gave the stock a sell rating, nine assigned a conservation rating, and three gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $ 109.83.
Paychex, Inc is committed to providing human capital management solutions for payroll, human resources, insurance and retirement for small and medium businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services, and start-up services.
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