PAYX - Paychex Analysts Increase Their Forecasts After Upbeat Earnings | Benzinga
Paychex Inc (NASDAQ: PAYX) reported better-than-expected earnings for its first quarter.
Paychex reported first-quarter FY24 sales growth of 7% year-on-year to $1.286 billion, slightly missing the analyst consensus estimate of $1.29 billion. Adjusted EPS of $1.14 beat the analyst consensus estimate of $1.12.
Paychex shares gained 0.4% to trade at $116.96 on Thursday.
These analysts made changes to their price targets on Paychex following earnings announcement.
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