Paychex Inc reports results for the quarter ended February 28 - Earnings Summary

• Paychex Inc PAYX reported quarterly adjusted earnings of $1.49​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $1.38. The mean expectation of fifteen analysts for the quarter was for earnings of $1.48 per share. Wall Street expected results to range from $1.46 to $1.49 per share.

• Revenue rose 4.8% to $1.51 billion from a year ago; analysts expected $1.52 billion.

• Paychex Inc's reported EPS for the quarter was $1.43​.

• The company reported quarterly net income of $519.3 million.

• Paychex Inc shares had risen by 2.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 14 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the employment services peer group is also "hold"

Wall Street's median 12-month price target for Paychex Inc is $140.50

This summary was machine generated from LSEG data March 26 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)