Paychex, Inc. reports results for the quarter ended May 31 - Earnings Summary

• Paychex, Inc. reported quarterly adjusted earnings of $1.32​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $1.19. The mean expectation of sixteen analysts for the quarter was for earnings of $1.32 per share. Wall Street expected results to range from $1.27 to $1.33 per share.

• Revenue rose 12.5% to $1.61 billion from a year ago; analysts expected $1.60 billion.

• Paychex, Inc.'s reported EPS for the quarter was $1.17​.

• The company reported quarterly net income of $420.6 million.

• Paychex, Inc. shares had risen by 16.5% this quarter and gained 2.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% 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 2 "strong buy" or "buy," 13 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the employment services peer group is "buy."

• Wall Street's median 12-month price target for Paychex, Inc. is $112.00, about 2.3% below its last closing price of $114.53

This summary was machine generated from LSEG data September 23 at 02:12 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)