Paychex (PAYX) to Release Earnings on Tuesday
Paychex (NASDAQ:PAYX) will be releasing its earnings data before the market opens on Tuesday, October 2nd. Analysts expect Paychex to post earnings of $0.65 per share for the quarter.
Paychex (NASDAQ:PAYX) last posted its quarterly earnings results on Wednesday, June 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). The business had revenue of $871.10 million during the quarter, compared to analyst estimates of $868.60 million. Paychex had a return on equity of 44.29% and a net margin of 27.62%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. On average, analysts expect Paychex to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Paychex stock opened at $74.54 on Tuesday. The company has a market capitalization of $27.01 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 3.23 and a beta of 0.96. Paychex has a 1 year low of $59.34 and a 1 year high of $75.57.
In related news, VP Jennifer R. Vossler sold 7,683 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $69.92, for a total value of $537,195.36. Following the completion of the transaction, the vice president now owns 16,536 shares of the company’s stock, valued at approximately $1,156,197.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John B. Gibson sold 47,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $73.50, for a total transaction of $3,472,875.00. The disclosure for this sale can be found here. Insiders sold a total of 248,559 shares of company stock valued at $17,599,054 in the last ninety days. Company insiders own 11.80% of the company’s stock.
Paychex Company Profile
Paychex, Inc provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.
Further Reading: Outstanding Shares and The Effect on Share Price
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