PAYX Stock Recent News

Paychex (PAYX) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.97 per share a year ago.

The payroll services company reports better-than-expected quarterly earnings and sales.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended May 31, 2024 (the "fourth quarter") and fiscal year ended May 31, 2024 ("fiscal 2024"), as compared to the corresponding prior-year period:     Fourth Quarter             Fiscal Year           In millions, except per share amounts   2024     2023     Change(2)   2024     2023     Change(2) Total revenue   $   1,295.1     $   1,229.6.

Payroll and HR solutions player Paychex is expected to publish its Q4 FY'24 results on June 26, reporting on a period that saw the U.S. job market remain relatively buoyant. We expect earnings for the quarter to come in at about $1.06 per share, marginally ahead of consensus estimates, while revenues are likely to grow about 5% year-over-year to $1.3 billion.

Paychex's (PAYX) fourth-quarter fiscal 2024 earnings and revenues are expected to have increased year over year.

Get a deeper insight into the potential performance of Paychex (PAYX) for the quarter ended May 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 fourth quarter and full-year ended May 31, 2024. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, June 26, 2024. The company will host a conference call at 9:30 a.m. ET on Wednesday, June 26, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice presi.

Investors with an interest in Outsourcing stocks have likely encountered both Barrett Business Services (BBSI) and Paychex (PAYX). But which of these two stocks is more attractive to value investors?

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, the Small Business Jobs Index rose 0.46 percentage points to 100.58 in May, the largest one-month increase since January 2022. At the same time, hourly earnings growth slowed to 3.13%, its lowest level since June 2021, for workers in U.S. small businesses with fewer than 50 employees. The report also indicated that weekly earnings growth was above three percent (3.09%) for the first time since January 20.

Paychex CEO John Gibson joins ‘Squawk Box' to discuss the latest data from Paychex's Small Business Jobs Index.