65.29 0.00 (0.00%)
After hours: 7:42PM EDT
|Bid||62.70 x 900|
|Ask||65.29 x 1000|
|Day's Range||62.18 - 65.73|
|52 Week Range||47.87 - 90.54|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||21.27|
|Earnings Date||Jun 23, 2020 - Jun 28, 2020|
|Forward Dividend & Yield||2.48 (4.16%)|
|Ex-Dividend Date||Jan 30, 2020|
|1y Target Est||67.71|
The Paycheck Protection Program, included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, authorizes up to $349 billion toward job retention and other operating expenses to help small businesses continue to pay their workers, despite the financial instability caused by the coronavirus (COVID-19) pandemic. Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, has packaged the data customers need to quickly apply for the forgivable loan program. Since the Small Business Administration (SBA) began accepting applications on April 3, Paychex has provided 250,000 businesses with its new Paycheck Protection Program report.
In light of the coronavirus (COVID-19) crisis, Paychex Inc., a leading provider of HR, payroll, benefits, and insurance solutions that pays 1 in 12 American private sector workers, and PayActiv, the leading provider of employer-sponsored earned wage and tip access, today announced they are aligning to offer Paychex clients a cash incentive for businesses looking to provide workers with immediate access to their earned wages, while also waiving employee transaction fees.
The latest Paychex | IHS Markit Small Business Employment Watch shows a slight decrease in both small business employment and wage growth in March. The report is based on data through March 19, a time when many businesses began to modify operations as a result of the COVID-19 outbreak. At 98.21, the jobs index slowed 0.11 percent from February and 0.57 percent year-over-year. Hourly earnings growth dipped to 2.68 percent ($0.72), while weekly earnings growth also decelerated to 3.08 percent.
Paychex's (PAYX) compliance support is aimed at enabling businesses manage provision of the Families First Coronavirus Response Act and CARES Act.
On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law, offering a comprehensive relief package in response to the economic distress caused by the coronavirus (COVID-19) pandemic. Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, is helping business owners understand what the CARES Act means, both for their business and employees, as well as offering support and resources during this time of need.
Shareholders will be ecstatic, with their stake up 26% over the past week following Paychex, Inc.'s (NASDAQ:PAYX...
For his final "Executive Decision" segment of Wednesday's Mad Money program, Jim Cramer spoke with Marty Mucci, CEO of Paychex, Inc. , the small business payroll processor. In a recent survey, Paychex found 50% of customers are seeing minimal impacts thus far, with only 40% expecting some layoffs as a result of shutdowns. As for Paychex itself, Mucci reminded investors that 50% of their revenue stems from non-payroll services.
Shares of Paychex Inc. rose 0.7% in premarket trading Wednesday, after the human resources services company reported a fiscal third-quarter profit that topped expectations, but revenue that matched and provided a downbeat full-year growth outlook. The company said the impact of the COVID-19 virus on market and economic conditions are still uncertain, and could change the financial outlook. For the quarter to Feb. 29, net income rose to $354.5 million, or 98 cents a share, from $324.6 million, or 90 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share of 97 cents was above the FactSet consensus of 96 cents. Revenue grew 7% to $1.14 billion, matching the FactSet consensus. For fiscal 2020, the company expects adjusted EPS growth of about 6%, while the current FactSet EPS consensus of $3.07 implies an 8.1% rise. Revenue is expected to increase 8% to 9%, while the FactSet revenue consensus of $4.12 billion implies 9.2% growth. The stock has lost 29.6% over the past three months through Tuesday, while the S&P 500 has dropped 24.1%.
Paychex, Inc. ("Paychex," "we," "our," or "us") (Nasdaq:PAYX) today announced total revenue of $1.1 billion for the three months ended February 29, 2020 (the "third quarter"), an increase of 7% compared to the same period last year. Oasis Outsourcing Group Holdings, L.P. ("Oasis"), acquired in December 2018, contributed approximately 1% to the growth in total revenue compared to the same period last year. Net income and diluted earnings per share each increased 9% to $354.5 million and $0.98 per share, respectively, for the third quarter. Adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, each increased 9% to $351.2 million and $0.97 per share, respectively, for the third quarter.
NEW YORK, NY / ACCESSWIRE / March 25, 2020 / Paychex, Inc. (NASDAQ:PAYX) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on March 25, 2020 at 9:30 AM Eastern ...
Investing.com - Paychex (NASDAQ:PAYX) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
As the nation grapples with the unprecedented impact of the coronavirus (COVID-19) pandemic, Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, is observing an increase in the use of specific online and mobile HR capabilities by both employers and employees who are accessing tools and resources to help them manage this time of uncertainty.
On Fridays during earnings season, Jim Cramer identifies key stocks that are reporting in the upcoming week. In this daily Japanese candlestick chart of PAYX, below, we can see that prices made a long and relatively narrow sideways price pattern from April. The On-Balance-Volume (OBV) line has turned lower from late February but only shows a minor decline compared to the price.
To the annoyance of some shareholders, Paychex (NASDAQ:PAYX) shares are down a considerable 42% in the last month...
On March 18, Congress passed and the President signed into law the Families First Coronavirus Response Act to address the impact of the coronavirus (COVID-19) pandemic. Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, is helping business owners understand what the legislation means, both for their business and employees, as well as offering support and resources.
Paychex (PAYX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Upgrades * Morgan Stanley changed the rating for Paychex Inc (NASDAQ: PAYX) from Underweight to Equal-Weight. Paychex earned $0.70 in the second quarter, compared to $0.65 in the year-ago quarter. The stock has a 52-week-high of $90.53 and a 52-week-low of $54.48. Paychex's stock last closed at $60.79 per share. * BTIG changed the rating for Globus Medical Inc (NYSE: GMED) from Neutral to Buy. In the fourth quarter, Globus Medical showed an EPS of $0.49, compared to $0.43 from the year-ago quarter. The stock has a 52-week-high of $60.15 and a 52-week-low of $33.41. Globus Medical's stock last closed at $39.97 per share. * Susquehanna changed the rating for MGM Resorts International (NYSE: MGM) from Negative to Neutral. In the fourth quarter, MGM Resorts Intl earned $0.08. The stock has a 52-week-high of $34.63 and a 52-week-low of $9.00. MGM Resorts Intl's stock last closed at $9.54 per share. * B of A Securities changed the rating for Central Garden & Pet Co (NASDAQ: CENT) from Neutral to Buy. In the first quarter, Central Garden & Pet showed an EPS of ($0.08), compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $34.69 and a 52-week-low of $22.40. Central Garden & Pet's stock last closed at $29.65 per share. * For The Hershey Co (NYSE: HSY), Credit Suisse upgraded the stock from Neutral to Outperform. For the fourth quarter, Hershey had an EPS of $1.28, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of $162.20 and a 52-week-low of $108.95. Hershey's stock last closed at $138.94 per share. * UBS changed the rating for Caterpillar Inc (NYSE: CAT) from Sell to Neutral. For the fourth quarter, Caterpillar had an EPS of $2.63, compared to year-ago quarter EPS of $2.55. The stock has a 52-week-high of $150.55 and a 52-week-low of $87.50. Caterpillar's stock last closed at $100.20 per share. * Dougherty & Co. changed the rating for NextGen Healthcare Inc (NASDAQ: NXGN) from Neutral to Buy. In the third quarter, NextGen Healthcare showed an EPS of $0.23, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $21.12 and a 52-week-low of $5.10. NextGen Healthcare's stock last closed at $6.15 per share. * For Change Healthcare Inc (NASDAQ: CHNG), Raymond James upgraded the stock from Outperform to Strong Buy. Interestingly, in the third quarter, Change Healthcare's EPS was $0.33. The stock has a 52-week-high of $17.57 and a 52-week-low of $6.67. Change Healthcare's stock last closed at $7.78 per share. Downgrades * Morgan Stanley changed the rating for Monster Beverage Corp (NASDAQ: MNST) from Overweight to Equal-Weight. For the fourth quarter, Monster Beverage had an EPS of $0.47, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $70.52 and a 52-week-low of $52.23. Monster Beverage's stock last closed at $59.74 per share. * B. Riley FBR downgraded the stock for Sinclair Broadcast Group Inc (NASDAQ: SBGI) from Buy to Neutral. Sinclair Broadcast Group earned $0.94 in the fourth quarter, compared to $2.13 in the year-ago quarter. The stock has a 52-week-high of $66.57 and a 52-week-low of $10.94. Sinclair Broadcast Group's stock last closed at $13.54 per share.See more from Benzinga * Recap: Qutoutiao Q4 Earnings * Contura Energy: Q4 Earnings Insights * 11 Technology Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
After once again delivering more than one million training hours to its 16,000 employees in fiscal 2019, Paychex, Inc., a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services, has been recognized as one of the top 125 training organizations in the world by Training magazine. Honored for the 19th consecutive year, Paychex occupies the number 14 spot on the 2020 list.
Today we're going to take a look at the well-established Paychex, Inc. (NASDAQ:PAYX). The company's stock received a...