Paychex, Inc. (NASDAQ:PAYX) is scheduled to announce its earnings results before the market opens on Tuesday, September 26th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

Paychex (NASDAQ:PAYX) last posted its earnings results on Wednesday, June 28th. The business services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $799.00 million during the quarter, compared to the consensus estimate of $797.70 million. Paychex had a net margin of 25.93% and a return on equity of 42.48%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, analysts expect Paychex to post $2.37 EPS for the current fiscal year and $2.56 EPS for the next fiscal year.

Paychex, Inc. (NASDAQ PAYX) opened at 58.08 on Tuesday. Paychex, Inc. has a 1-year low of $52.78 and a 1-year high of $63.03. The stock has a 50 day moving average of $56.37 and a 200 day moving average of $58.38. The stock has a market cap of $20.87 billion, a P/E ratio of 25.81 and a beta of 0.96.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.50 per share. The ex-dividend date was Friday, July 28th. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. This is a positive change from Paychex’s previous quarterly dividend of $0.46. Paychex’s dividend payout ratio is presently 88.50%.

COPYRIGHT VIOLATION NOTICE: “Paychex, Inc. (PAYX) Scheduled to Post Quarterly Earnings on Tuesday” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/09/19/paychex-inc-payx-scheduled-to-post-quarterly-earnings-on-tuesday.html.

Several equities research analysts have recently commented on PAYX shares. Wedbush reaffirmed a “neutral” rating and set a $61.25 price target (down previously from $65.00) on shares of Paychex in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) lowered shares of Paychex from a “buy” rating to a “neutral” rating and reduced their price target for the company from $68.00 to $64.00 in a research report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $60.00 price target on shares of Paychex in a research report on Thursday, June 29th. Robert W. Baird reduced their price target on shares of Paychex from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, June 30th. Finally, Morgan Stanley reduced their price target on shares of Paychex from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, June 30th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $59.28.

In related news, CEO Martin Mucci sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $57.04, for a total value of $1,711,200.00. Following the completion of the sale, the chief executive officer now directly owns 237,754 shares in the company, valued at $13,561,488.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph M. Tucci sold 6,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $57.82, for a total value of $346,920.00. Following the completion of the sale, the director now owns 53,621 shares of the company’s stock, valued at $3,100,366.22. The disclosure for this sale can be found here. Insiders have sold a total of 92,497 shares of company stock valued at $5,300,889 over the last quarter. Corporate insiders own 11.70% of the company’s stock.

Paychex Company Profile

Paychex, Inc is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.

Earnings History for Paychex (NASDAQ:PAYX)

Receive News & Ratings for Paychex Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paychex Inc. and related companies with MarketBeat.com's FREE daily email newsletter.