Paychex, Inc. Reports Fourth Quarter and Fiscal 2019 Results; Total Revenue Growth of 12% to $3.8 Billion for the Fiscal Year
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Paychex (PAYX) PT Raised to $82 at Citi
June 27, 2019 7:28 AM EDTCiti analyst Ashwin Shirvaikar raised the price target on Paychex (NASDAQ: PAYX) to $82.00 (from $78.00) while maintaining a Neutral rating following the company's 4Q earnings report. PAYX reported a relatively in-line quarter with a slight revenue beat and EPS that straddled Citi and consensus expectations.... More
Paychex (PAYX) Misses Q4 EPS by 2c, Offers Outlook
June 26, 2019 8:35 AM EDTPaychex (NASDAQ: PAYX) reported Q4 EPS of $0.63, $0.02 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $980.4 million versus the consensus estimate of $981.11 million.
Outlook
Our outlook for the fiscal year ending May 31, 2020 (fiscal 2020) is based upon current market expectations and economic conditions continuing with no significant... More
