Paychex (PAYX) tops earnings, misses revenue expectations

Go back to Paychex (PAYX) tops earnings, misses revenue expectations

Paychex (PAYX) PT Raised to $111 at BofA Securities

April 3, 2024 4:39 AM EDT

BofA Securities analyst Jason Kupferberg raised the price target on Paychex (NASDAQ: PAYX) to $111.00 (from $108.00) while maintaining a Underperform rating.

The analyst comments "We are surprised to see PAYX shares trading nearly flat and outperforming the S&P 500 after reporting a F3Q revenue... More

Paychex (PAYX) PT Lowered to $125 at Morgan Stanley

April 3, 2024 4:34 AM EDT

Morgan Stanley analyst James Faucette lowered the price target on Paychex (NASDAQ: PAYX) to $125.00 (from $127.00) while maintaining a Equalweight rating.

The analyst comments "While expected ERTC drag is driving near-term estimate reductions, constructive macro commentary, particularly on SMB closure rates, drove intra-day share price... More

Paychex (PAYX) Tops Q3 EPS by 1c ; Provides Outlook

April 2, 2024 8:50 AM EDT

Paychex (NASDAQ: PAYX) reported Q3 EPS of $1.38, $0.01 better than the analyst estimate of $1.37. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.46 billion.

Business Outlook

Our business outlook for the fiscal year ending May 31, 2024 (\"fiscal 2024\") incorporates current... More

Stocks expected to have increasing option volume: PAYX ACB CGC TLRY CRON MSOS UNH CNC HUM CVS

April 2, 2024 5:11 AM EDT

Stocks expected to have increasing option volume: PAYX ACB CGC TLRY CRON MSOS UNH CNC HUM CVS

... More

Paychex (PAYX) call put ratio 4.5 calls to1 put with a focus on April and June calls into quarter results

April 1, 2024 10:19 AM EDT

Paychex (NASDAQ: PAYX) April call option implied volatility is at 35, May is at 25; compared to its 52-week range of 15 to 71 into the expected release of quarter results before the bell on April 2. Call put ratio 4.5 calls to1 put with a focus on April and June calls.

... More