Paychex, Inc. Reports Fourth Quarter and Fiscal 2018 Results

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Go back to Paychex, Inc. Reports Fourth Quarter and Fiscal 2018 Results

Paychex (PAYX) PT Raised to $70 at Baird Following 4Q

June 28, 2018 9:28 AM EDT

Baird raised its price target on Paychex (NASDAQ: PAYX) to $70.00 (from $67.00) while maintaining a Neutral rating following the company's 4Q. Revenue of $871.1mn was slightly ahead of estimates of $868.0mn. Adjusted EPS of $0.61 compared to consensus estimates of $0.62.

Overall the quarter and outlook... More

Paychex (PAYX) PT Raised to $68 at Deutsche Bank Following 4Q

June 28, 2018 7:27 AM EDT

Deutsche Bank raised its price target on Paychex (NASDAQ: PAYX) to $68.00 (from $62.00) while maintaining a Hold rating following the company's 4Q earnings report. PAYX modestly beat top-line expectations delivering ~9% growth primarily driven by strength in HRS.

Guidance for FY19 including the... More

Paychex (PAYX) Misses Q4 EPS by 1c, Offers Outlook

June 27, 2018 8:33 AM EDT

Paychex (NASDAQ: PAYX) reported Q4 EPS of $0.61, $0.01 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $871.1 million versus the consensus estimate of $868.96 million.

Outlook

Our outlook for the fiscal year ending May 31, 2019 (fiscal 2019) is based upon current market expectations and economic conditions continuing... More