|Bid||83.94 x 800|
|Ask||85.00 x 900|
|Day's Range||82.26 - 84.19|
|52 Week Range||47.87 - 90.54|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||28.96|
|Earnings Date||Dec 16, 2020 - Dec 21, 2020|
|Forward Dividend & Yield||2.48 (3.00%)|
|Ex-Dividend Date||Oct 30, 2020|
|1y Target Est||81.71|
Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.62 per share payable November 24, 2020 to shareholders of record November 2, 2020.
Last week was a relatively light week on the earnings calendar, laying the field before third quarter earnings season picks up. Here are the main highlights.TuesdayLevi Strauss (NYSE: LEVI) and Paychex Inc (NASDAQ: PAYX) reported their earnings.Investors were not expecting much good news from Levi Strauss, which was slammed by the pandemic during its second fiscal quarter. But Levi's delivered a surprise, as it achieved profitability and proved its brand has an enduring value. More importantly, Levi's officially entered the resale market last week, being one of the first apparel brands to embrace the idea itself. Besides appealing to sustainable customers of this growing market, this initiative bolsters the company's ability to gather consumer data and then build a digital customer ecosystem out if it. Digital sales were up 50%, accounting for about 25% of its revenue for the latest quarter.Paychex reported strong results as well, with revenues of $932 million beating expectations by 4.9%. Earnings per share were $0.59, 15% above expectations.WednesdayLamb Weston Holdings (NYSE: LW) made its appearance on the earnings calendar and also exceeded expectations, causing its shares to rise 7.8%. Its first-quarter revenue of $872 million was what the analysts expected, but statutory profit of $0.61 per share was 74% above the forecast.ThursdayDomino's Pizza (NYSE: DPZ) reported on Thursday with a mix of positives and negatives. Although revenues increased, costs rose. For the period that ended on September 6th, demand remained strong. But is not merely the pandemic that supercharged sales, as domestic comps have a growth track record that spans over 38 straight quarters with international operations expanding for 107 consecutive quarters.Some investors were disappointed that the sales weren't as robust as those of Papa John's International (NASDAQ: PZZA) and others noted the elevated expenses that were caused by higher wages and sick pay.The bottom line is that Dominos' quarterly revenue rose 17.9% to $968 million, but earnings per share were hit and fell short of expectations as they amounted to $2.49 as opposed to $2.79 expected. Consequently, its shares fell more than 6% in morning trading. But it would be a mistake to judge Domino's based on this one quarter, as before this earnings release its shares were up nearly 50% this year. OutlookBig banks will open the Q3 earnings season, led by JPMorgan Chase & Co (NYSE: JPM), Goldman Sachs Group Inc (NYSE: GS) and Wells Fargo & Company (NYSE: WFC). The financial sector has been one of the worst-performing sectors this year, dropping 18% for the year-to-date through Friday's close. The industry has faced myriad pressures throughout the pandemic, with interest rates remaining near-zero and weighing on banks' net interest income. This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases - If you are looking for full Press release distribution contact: email@example.com Contributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: firstname.lastname@example.orgThe post Last Week's Summary appeared first on IAM Newswire.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Renault EV Tease * Extraordinary Growth Potential Of Space Tourism(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
As you might know, Paychex, Inc. (NASDAQ:PAYX) just kicked off its latest first-quarter results with some very strong...