UPDATE: Paychex Expects FY25 Revenue Growth Of 4.0%-5.5% YoY Vs $5.55B Est, Adj EPS Growth Of 5%-7% Vs $4.97 Est
Portfolio Pulse from Benzinga Newsdesk
Paychex has updated its business outlook for fiscal year 2025, expecting revenue growth of 4.0%-5.5% and adjusted EPS growth of 5%-7%. Management Solutions revenue is expected to grow 3.0%-4.0%, while PEO and Insurance Solutions revenue is anticipated to grow 7.0%-9.0%. The operating margin is projected to be 42%-43%, with other income, net expected to be $35 million-$40 million.
June 26, 2024 | 12:57 pm
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Paychex has provided an updated business outlook for fiscal year 2025, projecting revenue growth of 4.0%-5.5% and adjusted EPS growth of 5%-7%. The company also expects strong growth in its PEO and Insurance Solutions segment, with revenue anticipated to grow 7.0%-9%.
The updated guidance indicates positive growth expectations for Paychex, which is likely to boost investor confidence and positively impact the stock price in the short term. The strong growth projections in key segments like PEO and Insurance Solutions further support this positive outlook.
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