NEW YORK (TheStreet) -- Shares of Paychex (PAYX) are slightly higher by 0.04% to $47.20 in morning trading Thursday, one day ahead of its scheduled fiscal 2015 second quarter earnings release before the markets open on Friday.
For the quarter, analysts are expecting earnings of 46 cents per share on revenue of $676.61 million.
Last quarter Paychex reported better than expected results with both revenues and earnings higher on a year-over-year basis, boosted by growth across all segments. The company reported earnings of 43 cents per share on $610.5 million in revenue for its fiscal 2015 first quarter.
Rochester, NY-based Paychex is a provider of payroll, human resource, insurance, and benefits outsourcing solutions for small to medium sized businesses.
Separately, TheStreet Ratings team rates PAYCHEX INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate PAYCHEX INC (PAYX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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 largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."