Paychex (PAYX) to Release Quarterly Earnings on Tuesday
Paychex (NASDAQ:PAYX) will be announcing its Q114 earnings results on Tuesday, October 1st. Analysts expect the company to announce earnings of $0.43 per share and revenue of $605.56 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Paychex (NASDAQ:PAYX) opened at 40.35 on Monday. Paychex has a 52 week low of $30.55 and a 52 week high of $41.24. The stock’s 50-day moving average is $39.82 and its 200-day moving average is $37.79. The company has a market cap of $14.749 billion and a price-to-earnings ratio of 26.15.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of Paychex (NASDAQ:PAYX) from $35.00 to $38.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Argus initiated coverage on shares of Paychex (NASDAQ:PAYX) in a research note to investors on Wednesday, July 17th. They set a “hold” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Paychex (NASDAQ:PAYX) in a research note to investors on Tuesday, July 9th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Paychex presently has an average rating of “Hold” and a consensus target price of $34.25.
Paychex, Inc is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses.
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