Financial StabilityInterest income is expected to be stable or improve, suggesting a solid foundation for revenue from interest.
Revenue GrowthRevenue growth is augmented by increased attach rates for ancillary products such as HR Outsourcing, retirement, and insurance.
Strategic ManagementManagement's focus on driving productivity through digitization and AI is enhancing operational efficiency and expanding profit margins.
Bears Say
Company PerformanceFQ3 revenue was below consensus, driven by a lower contribution from ERTC and moderating SMB trends.
Guidance AdjustmentPAYX adjusted their F24 guidance for MS revenue growth down, reflecting a bigger than anticipated cut.
Legislative ImpactWith bipartisan legislation that would end the ERTC program retroactively as of January 31, PAYX decided to stop recording ERTC revenue after January 31.
What was Paychex’s price range in the past 12 months?
Paychex lowest stock price was €91.69 and its highest was €117.64 in the past 12 months.
What is Paychex’s market cap?
Currently, no data Available
When is Paychex’s upcoming earnings report date?
Paychex’s upcoming earnings report date is Jun 26, 2024 which is in 62 days.
How were Paychex’s earnings last quarter?
Paychex released its earnings results on Apr 02, 2024. The company reported €1.3 earnings per share for the quarter, beating the consensus estimate of €1.295 by €0.005.
Paychex pays a Quarterly dividend of €0.84 which represents an annual dividend yield of 2.91%. See more information on Paychex dividends here
What is Paychex’s EPS estimate?
Paychex’s EPS estimate is €1.03.
How many shares outstanding does Paychex have?
Currently, no data Available
What happened to Paychex’s price movement after its last earnings report?
Paychex reported an EPS of €1.3 in its last earnings report, beating expectations of €1.295. Following the earnings report the stock price went down -2.155%.
Which hedge fund is a major shareholder of Paychex?
Among the largest hedge funds holding Paychex’s share is Auxier Asset Management. It holds Paychex’s shares valued at 5M.
Paychex, Inc. is one of the leading providers of integrated human capital management solutions in the United States and Europe. The company offers human resource, payroll, retirement, and insurance services for organizations of any size, from startup to enterprise.
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