Paychex Maintains FY25 Outlook - Update

RTTNews | 105 days ago
Stocktwits
Paychex Maintains FY25 Outlook - Update

(RTTNews) - While reporting financial results for the first quarter of fiscal 2025 on Tuesday, payroll and HR services provider Paychex Inc. (PAYX) maintained its adjusted earnings growth and revenue growth guidance for the full year 2025.

For fiscal 2025, the company continues to project adjusted earnings per share growth in the range of 9 to 10 percent on total revenues growth of 6 to 7 percent.

Based adjusted earnings of $4.27 per share and total revenues of $5.01 billion reported for fiscal 2023, the guidance implies adjusted earnings in a range of $4.65 to $4.70 per share on total revenues between $5.31 billion and $5.36 billion for fiscal 2025.

Previously, the company expected adjusted earnings per share to grow in the range of 9 to 10 percent on total revenues growth of 6 to 7 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.97 per share on revenue growth of 4.5 percent to $5.52 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: PAYX
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Paychex Guides FY24 Above Estimates - Update

Paychex Guides FY24 Above Estimates - Update

While reporting financial results for the fourth quarter and fiscal 2023 on Thursday, payroll and HR services provider Paychex Inc. (PAYX) initiated adjusted earnings growth and revenue growth guidance for the full year 2024, above analysts' estimates.
RTTNews | 565 days ago
South Korea Trade Data Due On Wednesday

South Korea Trade Data Due On Wednesday

South Korea will on Wednesday release December numbers for unemployment, imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 5h 21min ago
Dollar Drifts Lower Against Major Counterparts

Dollar Drifts Lower Against Major Counterparts

The U.S. dollar shed ground against its major counterparts on Tuesday after data showed a smaller than expected increase in U.S. producer prices in the month of December. The data helped ease recent concerns about the outlook for inflation and interest rates.
RTTNews | 5h 36min ago
Indonesia Stock Market May Stop The Bleeding On Wednesday

Indonesia Stock Market May Stop The Bleeding On Wednesday

The Indonesia stock market has finished lower in back-to-back sessions, surrendering more than 130 points or 1.8 percent along the way. The Jakarta Composite Index now sits just above the 6,950-point plateau although it's tipped to open to the upside on Wednesday.
RTTNews | 6h 24min ago
Japan Stock Market May Halt Its Slide On Wednesday

Japan Stock Market May Halt Its Slide On Wednesday

The Japanese stock market has finished lower in four straight sessions, stumbling more than 1,600 points or 4.2 percent along the way. The Nikkei 225 now rests just beneath the 38,475-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 6h 25min ago
Canadian Stocks Mixed In Lackluster Trade

Canadian Stocks Mixed In Lackluster Trade

Canadian stocks are turning in a mixed performance in cautious trade with investors digesting U.S. producer price inflation data and looking ahead to the consumer price inflation report.
RTTNews | 7h 46min ago
Swiss Market Fails To Retain Gains, Ends Flat

Swiss Market Fails To Retain Gains, Ends Flat

The Switzerland market ended flat on Tuesday after spending much of the day's trading session in positive territory. Stocks gained on bargain hunting, but pared gains as the mood turned a bit cautious as the day progressed, with investors awaiting more data to assess the likely move of the Federal Reserve.
RTTNews | 8h 51min ago
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