Paychex, Inc. Reports Third Quarter Results
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Paychex (PAYX) PT Raised to $84 at Credit Suisse
March 28, 2019 9:08 AM EDTCredit Suisse analyst Kevin McVeigh raised the price target on Paychex (NASDAQ: PAYX) to $84.00 (from $82.00) while maintaining a Outperform rating.
Despite the 1% decline, they expect the PAYX stock to build on recent gainsmaintain $2.87 2019E EPS and boost 2020 EPS to $3.15 from $3.05... MorePaychex (PAYX) PT Raised to $80 at BMO Capital
March 28, 2019 7:11 AM EDTBMO Capital analyst Jeffery Silber raised the price target on Paychex (NASDAQ: PAYX) to $80.00 (from $70.00) while maintaining a Market Perform rating following Q3.
Solid Quarter Despite Tight Labor Marketraising F2020 estimates and our target price to reflect recent multiple expansion... MorePaychex (PAYX) Tops Q3 EPS by 1c, Revenues Beat
March 27, 2019 8:36 AM EDTPaychex (NASDAQ: PAYX) reported Q3 EPS of $0.89, $0.01 better than the analyst estimate of $0.88. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.07 billion.
Total revenue increased 14% to $1.1 billion.Total service revenue increased 14% to $1.0 billion.Interest on funds held for clients increased 27% to $23.0 million.Operating income increased 16% to $429.3 million and adjusted operating income(1) increased 7% to $429.3 million.Net income decreased 12% to $324.6 million and adjusted net income(1) increased 3% to $322.4 million. Net income and adjusted net income for the three months ended February... More