Paychex Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Paychex, Inc. PAYX will release its third-quarter financial results before the opening bell on Wednesday, March 26.

Analysts expect the Rochester, New York-based company to report quarterly earnings at $1.48 per share, up from $1.38 per share in the year-ago period. Paychex projects quarterly revenue of $1.51 billion, compared to $1.44 billion a year earlier, according to data from Benzinga Pro.

On March 4, UBS analyst Kevin Mcveigh maintained Paychex with a Neutral rating and raised the price target from $152 to $155.

Paychex shares fell 0.5% to close at $144.13 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Barclays analyst Ramsey El-Assal maintained an Equal-Weight rating and raised the price target from $135 to $140 on Dec. 23, 2024. This analyst has an accuracy rate of 65%.
• RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $148 on Dec. 20, 2024. This analyst has an accuracy rate of 72%.
• TD Cowen analyst Bryan Bergin maintained a Hold rating and increased the price target from $131 to $146 on Dec. 3, 2024. This analyst has an accuracy rate of 66%.
• JP Morgan analyst Tien-Tsin Huang maintained an Underweight rating and increased the price target from $133 to $139 on Nov. 19, 2024. This analyst has an accuracy rate of 65%.
• Citigroup analyst Peter Christiansen reiterated a Neutral rating with a price target of $145 on Oct. 2, 2024. This analyst has an accuracy rate of 65%.

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