Paychex, Inc. Reports First Quarter Results
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Paychex (PAYX) PT Raised to $73 at Stifel Following 1Q
October 3, 2018 7:52 AM EDTStifel analyst David Grossman raised the price target on Paychex (NASDAQ: PAYX) to $73.00 (from $69.00) while maintaining a Hold rating following the company's 1Q report. Modest revenue outperformance (1.5%) resulted in a modest EPS beat ($0.01/sh) and management reiterated revenue (+6-7% y/y) and EPS guidance... More
Paychex (PAYX) PT Raised to $79 at Deutsche Bank Following Solid 1Q
October 3, 2018 7:34 AM EDTDeutsche Bank analyst Bryan Keane raised the price target on Paychex (NASDAQ: PAYX) to $79.00 (from $68.00) while maintaining a Hold rating following the company's 1Q report. PAYX reported total revenues of $862.8m beating consensus estimate of $854m. PAYX delivered EPS of $0.67 which was $0.02 higher than... More
Paychex (PAYX) PT Raised to $73 at Citi Following 1Q Report
October 3, 2018 7:30 AM EDTCiti analyst, Ashwin Shirvaikar, raised the price target on Paychex (NASDAQ: PAYX) to $73.00 (from $67.00) while maintaining a Neutral rating following the company's 1Q earnings report. PAYX reported revenues of $862.8 mil, above consensus estimates of $850 mil. EPS of $0.67 grew 17.8% y/y and was above consensus... More
Paychex (PAYX) Tops Q1 EPS by 2c
October 2, 2018 8:33 AM EDTPaychex (NASDAQ: PAYX) reported Q1 EPS of $0.67, $0.02 better than the analyst estimate of $0.65. Revenue for the quarter came in at $862.8 million versus the consensus estimate of $850.64 million.
Outlook
Our outlook for the fiscal year ending May 31, 2019 (fiscal 2019) is based upon current market expectations and economic... More
