Colleagues working together at the office. gradyreese/iStock via Getty Images I'm a big believer that there is dignity in work. For most people, I sincerely believe that some kind of work is necessary for health and well-being. At the same time, I believe that it's advisable to plan for the day one no longer wants to/can no longer keep working. I say this as one of the blessed few who enjoy what I do for a living. I hope that I can be an equity analyst for many more decades. Yet, there's still something tha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-K _________________________________________ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to __________ Commission file number 0-11330 ____________________________________ Paychex ...

Core Insights - Paychex, Inc. (PAYX) reported strong fourth-quarter results for fiscal 2024, driven by increased product penetration, higher Professional Employer Organization (PEO) insurance revenues, and rising average interest rates [1] Revenue Performance - Management Solutions segment revenues reached $930.3 million, reflecting a 3% year-over-year increase, slightly above the estimate of $930.2 million, indicating 2.8% growth from the previous year [2] - Interest on funds revenues amounted to $38.2 million, a significant 54% increase year-over-year, although it fell short of the estimated $41.5 million, which implied a 66.8% growth [3] - PEO and Insurance Solutions segment revenues were $326.6 million, up 9% from the year-ago quarter, but below the anticipated $327.7 million, indicating 9.4% growth year-over-year [5] - Total revenues for Paychex were $1.3 billion, which missed the consensus estimate slightly but still represented a 5.3% year-over-year increase [4] Earnings Performance - Paychex's earnings per share (EPS) of $1.1 exceeded the Zacks Consensus Estimate by 1.8% and increased by 15.5% year-over-year [4] - The earnings beat did not significantly impact market performance, as there was no major price change following the earnings release [6]

After the company reported its full-year 2024 earnings results, shares of Paychex Inc. NASDAQ: PAYX are trading lower by as much as 5.5% in the morning's trading session. The initial reaction to earnings came as a surprise, as the actual results were nothing to bearish about, although management's guidance could have disappointed those used to easy profits. PAYX Paychex Today Paychex $117.39 -7.64 (-6.11%) 52-Week Range $106.27 ▼ $129.70 Dividend Yield 3.34% P/E Ratio 25.58 Price Target $123.00 Add to Watch ...

Paychex, Inc. (NASDAQ:PAYX) Q4 2024 Earnings Conference Call June 26, 2024 9:30 AM ET Company Participants John Gibson - President and CEO Bob Schrader - CFO Conference Call Participants Bryan Bergin - TD Cowen Kevin McVeigh - UBS James Faucette - Morgan Stanley Samad Samana - Jefferies Caroline Latta - Bank of America Andrew Nicholas - William Blair Ashish Sabadra - RBC Capital Markets Peter Christiansen - Citi Ramsey El-Assal - Barclays Bryan Keane - Deutsche Bank David Togut - Evercore ISI Kartik Mehta - ...

Paychex, Inc. (PAYX) has reported mixed fourth-quarter fiscal 2024 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed the same. PAYX's earnings of $1.1 per share beat the Zacks Consensus Estimate by 1.8% and increased 15.5% from the year-ago quarter. Total revenues of $1.3 billion missed the consensus estimate marginally but rose 5.3% from the year-ago quarter. Quarter in Detail Revenues from the Management Solutions segment increased 3% on a year-over-year basis to $930.3 milli ...

The reported revenue compares to the Zacks Consensus Estimate of $1.3 billion, representing a surprise of -0.29%. The company delivered an EPS surprise of +1.82%, with the consensus EPS estimate being $1.10. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Revenue- Management Solutions: $930.30 million versus $932.23 million estimated by seven analysts on averag ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.82%. A quarter ago, it was expected that this payroll processor and human-resources services provider would post earnings of $1.36 per share when it actually produced earnings of $1.38, delivering a surprise of 1.47%. Ov ...

Total Revenue Professional Employer Organization ("PEO") o Excluding ERTC, revenue growth accelerated in Q4 to 8% 7 HR Tech Award from Lighthouse Research & Advisory – Best Small Business-focused Solution in the Core HR/Workforce Category * 5-Year CAGR Financial Results | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-------|-------------------------------------|-------|-------|-------|-------| | (In millions, except per share amounts) | | Three Months Ended % \nMay 31 ...

Paychex, Inc. Reports Fourth Quarter and Full Year 2024 Results Professional Employer Organization ("PEO") and Insurance Solutions revenue increased 9% to $326.6 million for the fourth quarter primarily due to the following: • Growth in the number of average PEO worksite employees; and • Increase in PEO insurance revenues. (1) Adjusted operating income, adjusted operating margin and adjusted diluted earnings per share are not U.S. GAAP measures. Please refer to the "Non-GAAP Financial Measures" section on p ...