Paychex, Inc. PAYX is gearing up to unveil its first-quarter earnings report before the markets open on Tuesday, Oct. 1.
Analysts are anticipating the Rochester, New York-based company to reveal quarterly earnings of $1.14 per share, in line with the previous year’s $1.14 per share. Paychex is expected to announce quarterly revenue of $1.32 billion, an increase from $1.29 billion reported a year ago, as per data from Benzinga Pro.
In its June 26 report, the firm shared a 5% year-over-year sales growth to $1.295 billion, matching the analyst consensus forecast of $1.296 billion.
At the close of Friday’s trading session, Paychex shares were priced at $132.99.
For further insights into the latest analyst ratings, Benzinga readers have the option to explore the Analyst Stock Ratings page to discover ratings based on various variables such as stock ticker, company name, and analyst firm.
Let’s delve into how Benzinga’s most accurate analysts have assessed the company in recent times.
- Citigroup analyst Peter Christiansen upheld a Neutral rating but upped the price target from $125 to $145 on Sept. 25, boasting an accuracy rate of 66%.
- Barclays analyst Ramsey El-Assal retained an Equal-Weight rating and increased the price target from $118 to $132 on Sept. 23, with an accuracy rate of 68%.
- TD Cowen analyst Bryan Bergin sustained a Hold rating and raised the price target from $121 to $126 on Sept. 12, showcasing an accuracy rate of 61%.
- JP Morgan analyst Tien-Tsin Huang kept an Underweight rating while elevating the price target from $120 to $128 on Aug. 20, demonstrating an accuracy rate of 66%.
- Morgan Stanley analyst James Faucette maintained an Equal-Weight rating but decreased the price target from $125 to $122 on June 27, with an accuracy rate of 65%.
Contemplating investing in PAYX stock? Here’s a glimpse of analyst sentiment:
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