Paychex (PAYX) Tops Q4 EPS by 1c, Slight Beat on Revenues

Paychex (NASDAQ: PAYX) reported Q4 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $798.6 million versus the consensus estimate of $797.67 million.

Fourth Quarter and Full Year Fiscal 2017 Highlights

• Total revenue increased 6% to $798.6 million for the fourth quarter; 7% to $3.2 billion for fiscal 2017.
• Total service revenue also increased 6% to $784.6 million for the fourth quarter; 7% to $3.1 billion for fiscal 2017.
• Payroll service revenue increased 2% for the fourth quarter; 3% for fiscal 2017.
• Human Resource Services revenue increased 10% for the fourth quarter; 12% for fiscal 2017.
• Operating income increased 8% to $298.9 million for the fourth quarter; 8% to $1.2 billion for fiscal 2017.
• Net income increased 10% to $195.3 million for the fourth quarter; 8% to $817.3 million for fiscal 2017. Adjusted net income(1) increased 9% for both the fourth quarter and for fiscal 2017 to $194.3 million and $799.0 million, respectively.
• Diluted earnings per share increased 10% to $0.54 per share for the fourth quarter; 8% to $2.25 per share for fiscal 2017. Adjusted diluted earnings per share(1) increased 10% to $0.54 per share for the fourth quarter; 8% to $2.20 per share for fiscal 2017.

For earnings history and earnings-related data on Paychex (PAYX) click here.

You May Also Be Interested In

• FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
• Worthington Enterprises raises dividend 5%, adds board member
• SPS Commerce hires Morgan Stanley to explore sale amid activist push - Reuters