Paychex, Inc. (NASDAQ: PAYX) will release earnings results for the first quarter before the opening bell on Tuesday, Sept. 30.
Analysts expect the company to report quarterly earnings at $1.20 per share, up from $1.16 per share in the year-ago period. Paychex projects quarterly revenue of $1.54 billion, compared to $1.32 billion in the same quarter a year earlier, according to data from Benzinga Pro.
On September 22, Stifel analyst David Grossman maintained a Hold rating on Paychex and lowered the price target from $152 to $142.
With the recent buzz around Paychex, some investors may also be eyeing potential gains from the company’s dividends. As of now, Paychex offers an annual dividend yield of 3.37%, which is a semi-annual dividend amount of $1.08 per share …