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Paychex Upgraded, And 2 Things That Would Further Increase Morgan Stanley's Constructive View
Wednesday, August 16, 2017 - 1:52pm | 381Analysts at Morgan Stanley no longer hold a bearish view of Paychex, Inc. (NASDAQ: PAYX) after the stock's 19 percent year-to-date underperformance compared to the S&P 500's track has created a more "balanced" risk to reward profile. Morgan Stanley's Danyal Hussain upgrades Paychex's stock...
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President Trump Effect? Small Business Optimism Continued To Rise In February
Tuesday, March 7, 2017 - 10:53am | 358Small businesses across the United States are more optimistic at the end of February than they were at the start of the month. Speaking as a guest on CNBC's "Squawk Box" segment Tuesday, Paychex, Inc. (NASDAQ: PAYX)'s president and CEO Marty Mucci noted February also marks the third consecutive...
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Can Nike Or Pepsi Beat Low Earnings Expectations?
Sunday, September 25, 2016 - 2:08pm | 662Upcoming earnings highlights include the latest results from two consumer goods giants. Consensus Wall Street forecasts see lower earnings from each of them. But only one of them is expected to show some growth on the top line. In another quiet week on the earnings front, reports from consumer...
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Paychex Posts Inline Q3, Offers FY16 Outlook
Wednesday, March 30, 2016 - 10:10am | 255Shares of Paychex, Inc. (NASDAQ: PAYX) were trading lower by nearly 4 percent Wednesday morning after the company reported its third-quarter results. Paychex said that it earned $0.50 per share in the third quarter on revenue of $740.7 million. Wall Street analysts were expecting the company to...
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Pre-Christmas Earnings Coming From Nike, Micron And Few Others
Monday, December 21, 2015 - 9:35am | 796Wall Street is looking for solid quarterly results from Nike this week. Expectations are lower for earnings from Micron Technology. ConAgra Foods and Paychex are on deck ahead of the holiday too. In the holiday shortened week, there are just a few earnings reports of note on the...
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Costco And Micron Lead Calm Before The Earnings Storm
Sunday, September 27, 2015 - 6:28pm | 872Few earnings reports are scheduled for this week, ahead of the third-quarter reporting kickoff. Costco and Micron Technology are the highlights of the week, but expectations for them are quite different. Others reporting this week include Paychex and Walgreens. One calendar quarter ends and...
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Food & Beverage Giants Highlight This Week's Earnings
Sunday, June 28, 2015 - 9:12pm | 746The week leading up to the Fourth of July holiday will be another quiet one on the earnings front. The new earnings season does not kick off until Alcoa and PepsiCo report their second-quarter results after Independence Day. But first, there are a few notable off-season reports to watch for this...
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3 Reasons To Be Bullish On Paychex
Friday, September 5, 2014 - 10:09am | 399The performance of Paychex, Inc. (NASDAQ: PAYX) shares, like the overall economy and job market, has been somewhat mixed but generally trending up. As Benzinga reported at the end of last year, investors have reasons to be bullish on Paychex. Indeed, Paychex is up for the last month, quarter,...
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Earnings Expectations For The Week Of June 30: Season Draws To A Close
Monday, June 30, 2014 - 6:14am | 763As the calendar quarter draws to a close this holiday-shortened week, so does another earnings season. The most significant quarterly reports due this week come from alcoholic beverage company Constellation Brands (NYSE: STZ) and payroll processor Paychex (NASDAQ: PAYX). Analysts on average...
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Earnings Expectations For The Week Of March 24: BlackBerry, Walgreen And More
Sunday, March 23, 2014 - 11:02am | 934While investors watch the ongoing standoff between the West and Russia, and hope for fresh signs of economic growth in the GDP and PMI numbers, more off-season quarterly reports will roll out this week. Highlights will include earnings results from BlackBerry (NASDAQ: BBRY) and Walgreen (NYSE:...
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Earnings Expectations For The Week Of December 16: FedEx, Oracle, Nike And More
Sunday, December 15, 2013 - 5:55pm | 845On the earnings front, things will start out slow this week, but then FedEx (NASDAQ: FDX), Nike (NYSE: NKE), Oracle (NASDAQ: ORCL), Walgreen (NYSE: WAG) and others will take their turns in the earnings spotlight. Below is a quick look at what analysts expect from some of this week's most prominent...
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Earnings Expectations For The Week Of September 30: Walgreen, Monsanto And More
Sunday, September 29, 2013 - 3:53pm | 1009Highlights on the earnings front this week will include the reports from Walgreen (NYSE: WAG) and Monsanto (NYSE: MON). Analysts are looking for year-over-year growth of revenues from both of them, but a net loss from the agribusiness giant. Others scheduled to step onto the earnings stage this...
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Earnings Expectations for the Week of March 26 (BBY, FDO, WAG)
Sunday, March 25, 2012 - 10:58am | 1144While much of the attention will be on the Supreme Court this week, Best Buy is on tap to report its quarterly results. Analysts expect year-over-year earnings growth from the box-box retailer, as well as from Family Dollar and Red Hat. But the consensus forecasts for this week's results from...
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Jefferies Initiates Coverage On Paychex With A Hold Rating
Tuesday, June 28, 2011 - 7:49am | 69According to Jefferies, Paychex (NASDAQ: PAYX) coverage was initiated with a Hold rating. Jefferies said that PAYX is a stock that to some extent lives in its past. “Our $31/share price target is based on a blend of 19x our C12 EPS estimate of $1.57 and our DCF. Risks include small business...
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Jefferies Initiates Paychex At Hold, $31 PT
Tuesday, June 28, 2011 - 6:39am | 24Jefferies & Company has initiated coverage on Paychex (NASDAQ: PAYX) with a Hold rating and $31 price target.