Paychex (PAYX) Announces Quarterly Results
Paychex (NASDAQ:PAYX) issued its quarterly earnings data on Tuesday. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.40, StockRatingsNetwork.com reports. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $617.35 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.
Paychex (NASDAQ:PAYX) traded up 1.37% during mid-day trading on Tuesday, hitting $42.13. The stock had a trading volume of 4,365,650 shares. Paychex has a 52 week low of $36.32 and a 52 week high of $45.95. The stock has a 50-day moving average of $41.08 and a 200-day moving average of $42.01. The company has a market cap of $15.324 billion and a price-to-earnings ratio of 25.19. Paychex also was the recipient of a large increase in short interest in the month of June. As of June 13th, there was short interest totalling 17,181,235 shares, an increase of 11.8% from the May 30th total of 15,363,470 shares. Based on an average daily volume of 1,579,637 shares, the short-interest ratio is currently 10.9 days. Currently, 5.3% of the company’s stock are short sold.
Paychex, Inc is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses.
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