paychex inc (PAYX) Key Developments
Paychex, Inc. Declares Quarterly Dividend, Payable on May 21, 2015
May 1 15
The Board of Directors of Paychex, Inc. declared a regular quarterly dividend of $0.38 per share payable May 21, 2015 to shareholders of record May 11, 2015.
Paychex, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2015
Mar 25 15
Paychex, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported total revenue of $704.3 million compared to $650.4 million a year ago. Operating income was $264.3 million compared to $250.7 million a year ago. Income before income taxes was $265.9 million compared to $252.2 million a year ago. Net income was $169.4 million or $0.46 per diluted share compared to $160.1 million or $0.44 per diluted share a year ago. The fluctuations in total Revenues were driven by an increase in average investment balances.
For the nine months period, the company reported total revenue of $2,047.4 million compared to $1,879.9 million a year ago. Operating income was $802.0 million compared to $754.4 million a year ago. Income before income taxes was $806.4 million compared to $758.4 million a year ago. Net income was $513.7 million or $1.41 per diluted share compared to $481.6 million or $1.31 per diluted share a year ago. Net cash provided by operating activities was $692.8 million compared to $705.8 million a year ago. This decrease resulted from fluctuations in operating assets and liabilities, partially offset by higher net income. Purchases of property and equipment were $72.0 million compared to $62.8 million a year ago.
The company provided earnings guidance for the fiscal year ending May 31, 2015. The company expects increase in total service revenue from 8% to 10% and net income from 6% to 8%.
Paychex Mulls Acquisitions
Mar 25 15
Paychex, Inc. (NasdaqGS:PAYX) is looking for acquisitions. Martin Mucci, President and Chief Executive Officer of Paychex, Inc. said (regarding acquisitions), "Yes, we do. We still see a lot of available. We're looking at more than we probably ever have in the past. Everything is pretty highly valued, so we're going to be very selective as to what we do."
Paychex, Inc. Presents at Robert W. Baird & Co. Inc. 2015 Growth Stock Conference, May-05-2015 09:10 AM
Mar 13 15
Paychex, Inc. Presents at Robert W. Baird & Co. Inc. 2015 Growth Stock Conference, May-05-2015 09:10 AM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: Efrain Rivera, Chief Financial Officer, Senior Vice President and Treasurer.
Paychex, Inc. to Report Q3, 2015 Results on Mar 25, 2015
Mar 11 15
Paychex, Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Mar 25, 2015