Paychex (PAYX) Scheduled to Post Quarterly Earnings on Tuesday

Paychex (NASDAQ:PAYX) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 1st. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Paychex has set its FY25 guidance at $4.96-5.05 EPS and its FY 2025 guidance at 4.960-5.050 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Paychex (NASDAQ:PAYX) last announced its earnings results on Wednesday, June 26th. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Paychex had a return on equity of 46.63% and a net margin of 32.03%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, analysts expect Paychex to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Paychex Stock Up 0.6 %

NASDAQ PAYX opened at $134.06 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.21. Paychex has a fifty-two week low of $106.27 and a fifty-two week high of $137.40. The business has a 50 day moving average price of $128.28 and a two-hundred day moving average price of $123.94. The stock has a market cap of $48.26 billion, a PE ratio of 28.71, a P/E/G ratio of 3.58 and a beta of 1.00.

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, August 8th. Paychex’s payout ratio is 83.94%.

Analysts Set New Price Targets

A number of research firms have weighed in on PAYX. Morgan Stanley decreased their price objective on shares of Paychex from $125.00 to $122.00 and set an “equal weight” rating for the company in a research report on Thursday, June 27th. TD Cowen lifted their target price on Paychex from $121.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Robert W. Baird reduced their price target on shares of Paychex from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. JPMorgan Chase & Co. boosted their price objective on Paychex from $120.00 to $128.00 and gave the company an “underweight” rating in a research report on Tuesday, August 20th. Finally, Bank of America raised their target price on Paychex from $111.00 to $113.00 and gave the company an “underperform” rating in a research note on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat, Paychex has an average rating of “Hold” and a consensus target price of $124.08.

Insider Activity

In related news, VP Mark Anthony Bottini sold 8,954 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $123.60, for a total value of $1,106,714.40. Following the sale, the vice president now directly owns 79,232 shares in the company, valued at approximately $9,793,075.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David J. S. Flaschen sold 9,615 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $125.60, for a total value of $1,207,644.00. Following the completion of the transaction, the director now owns 5,383 shares in the company, valued at approximately $676,104.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark Anthony Bottini sold 8,954 shares of Paychex stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $123.60, for a total value of $1,106,714.40. Following the completion of the transaction, the vice president now directly owns 79,232 shares in the company, valued at approximately $9,793,075.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,163 shares of company stock worth $17,537,817. Corporate insiders own 11.50% of the company’s stock.

About Paychex

Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.