Paychex (NASDAQ:PAYX – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.96-5.05 for the period, compared to the consensus EPS estimate of $4.97. The company issued revenue guidance of $5.49-5.57 billion, compared to the consensus revenue estimate of $5.54 billion. Paychex also updated its FY 2025 guidance to 4.960-5.050 EPS.
Paychex Price Performance
Shares of Paychex stock opened at $117.84 on Friday. The business has a 50 day simple moving average of $122.40 and a two-hundred day simple moving average of $122.06. Paychex has a 12 month low of $106.27 and a 12 month high of $129.70. The stock has a market capitalization of $42.42 billion, a P/E ratio of 25.23, a PEG ratio of 3.24 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.37 and a quick ratio of 1.24.
Paychex (NASDAQ:PAYX – Get Free Report) last issued its quarterly earnings data on Wednesday, June 26th. The business services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Paychex had a return on equity of 46.63% and a net margin of 32.03%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. As a group, analysts predict that Paychex will post 4.99 EPS for the current fiscal year.
Paychex Increases Dividend
Analyst Upgrades and Downgrades
PAYX has been the subject of several research analyst reports. Bank of America raised their price target on Paychex from $111.00 to $113.00 and gave the stock an underperform rating in a research report on Thursday. Evercore ISI reiterated an in-line rating and issued a $118.00 price objective on shares of Paychex in a research note on Tuesday, March 26th. Wedbush reiterated a neutral rating and issued a $115.00 price objective on shares of Paychex in a research note on Wednesday, April 3rd. Royal Bank of Canada restated a sector perform rating and issued a $130.00 price target on shares of Paychex in a research note on Thursday. Finally, Robert W. Baird cut their price target on Paychex from $126.00 to $124.00 and set a neutral rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Based on data from MarketBeat.com, Paychex currently has a consensus rating of Hold and a consensus price target of $122.62.
Check Out Our Latest Research Report on PAYX
Insider Buying and Selling
In other Paychex news, Director David J. S. Flaschen sold 19,709 shares of Paychex stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $124.55, for a total value of $2,454,755.95. Following the sale, the director now owns 5,383 shares of the company’s stock, valued at approximately $670,452.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.50% of the company’s stock.
About Paychex
Paychex, Inc provides integrated human capital management solutions for human resources (HR), payroll, benefits, 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.
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