Paychex, Inc. (PAYX) is currently trading at $91.1, with a price increase of $1.17 (1.3%) from the previous close of $89.93. The trading volume stands at $761,746, representing an 18.06% increase compared to the average volume.
In the latest earnings report on Tuesday, March 24th, PAYX reported earnings per share of $1.71, surpassing the consensus estimate of $1.67. Total revenue for the quarter reached $1.81 billion, beating the expected $1.78 billion.
With a forward dividend yield of 4.74%, PAYX distributes dividends with a dividend per share of $1.08 MRQ and $3.24 TTM. The year-over-year change in dividend per share shows a decrease of 18.0157 cents.
PAYX's cash flow depicts a positive trend with $1 billion net change in cash. Operating cash flow is reported at $812.5 million, while free cash flow amounts to $761.5 million.
The company generated $1.81 billion in revenue, resulting in a gross profit of $1.38 billion. Operating income stands at $792 million, with a net income of $560.3 million. Earnings per share and diluted earnings per share are reported at $1.56 and $1.55, respectively.
Key ratios for PAYX include a net profit margin of 30.97%, return on equity of 13.96%, and a price-to-earnings ratio of 15.02. The company's price-to-sales ratio is 18.61, and the quick ratio is 1.26.
PAYX shows a strong financial position with total assets of $17.51 billion and total liabilities of $13.50 billion. Cash and cash equivalents amount to $1.79 billion, while the net debt stands at $3.22 billion.
This comprehensive analysis highlights PAYX's positive performance and financial health in the current trading session.
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.