NEW YORK (TheStreet) -- Shares of Paychex (PAYX) - Get Report are gaining 2.15% to $55.44 on heavy trading volume late Tuesday afternoon ahead of the company's 2016 fiscal fourth quarter results due out before Thursday's opening bell.
Wall Street is expecting the Rochester, NY-based company to report earnings of 49 cents per share on revenue of $751.5 million.
During the same quarter last year, the company posted earnings of 44 cents per share on total revenue of $692.2 million.
Paychex is a provider of payroll, HR and benefits outsourcing solutions for small and medium-sized businesses.
About 2.38 million of the company's shares were traded so far today vs. its average volume of 1.83 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: PAYX