$1.69 Earnings Per Share Expected for Automatic Data Processing (ADP) This Quarter

Wall Street brokerages predict that Automatic Data Processing (NASDAQ:ADP) will announce $1.69 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Automatic Data Processing’s earnings, with the lowest EPS estimate coming in at $1.65 and the highest estimate coming in at $1.72. Automatic Data Processing posted earnings per share of $1.52 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Automatic Data Processing will report full year earnings of $5.36 per share for the current financial year, with EPS estimates ranging from $5.29 to $5.40. For the next year, analysts expect that the business will report earnings of $5.99 per share, with EPS estimates ranging from $5.73 to $6.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.16. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS.

A number of analysts recently issued reports on ADP shares. Zacks Investment Research reissued a “buy” rating and issued a $146.00 target price on shares of Automatic Data Processing in a research report on Monday, December 31st. Jefferies Financial Group upped their target price on Automatic Data Processing to $167.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. BMO Capital Markets decreased their target price on Automatic Data Processing from $155.00 to $150.00 and set a “market perform” rating for the company in a research report on Thursday, November 1st. Citigroup upped their target price on Automatic Data Processing from $137.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, November 1st. Finally, Barclays started coverage on Automatic Data Processing in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $168.00 target price for the company. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $151.87.

Shares of NASDAQ:ADP traded up $0.14 on Thursday, hitting $145.68. 2,636,341 shares of the company’s stock were exchanged, compared to its average volume of 2,523,353. The stock has a market cap of $63.29 billion, a P/E ratio of 33.49, a P/E/G ratio of 2.12 and a beta of 0.91. Automatic Data Processing has a 1-year low of $107.61 and a 1-year high of $153.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio is presently 72.64%.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 62,228 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $145.59, for a total transaction of $9,059,774.52. Following the completion of the sale, the chief executive officer now directly owns 137,177 shares of the company’s stock, valued at approximately $19,971,599.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brock Albinson sold 4,389 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $129.00, for a total value of $566,181.00. Following the sale, the vice president now directly owns 8,144 shares of the company’s stock, valued at $1,050,576. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,655 shares of company stock valued at $20,193,990. 0.33% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ADP. Vanguard Group Inc. raised its stake in shares of Automatic Data Processing by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after buying an additional 425,007 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Automatic Data Processing by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after buying an additional 425,007 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Automatic Data Processing by 18,918.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,462,482 shares of the business services provider’s stock worth $179,000 after buying an additional 23,339,116 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Automatic Data Processing by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,605,668 shares of the business services provider’s stock worth $1,447,190,000 after buying an additional 121,162 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Automatic Data Processing by 213.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,639,847 shares of the business services provider’s stock worth $1,301,682,000 after buying an additional 5,880,242 shares in the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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Earnings History and Estimates for Automatic Data Processing (NASDAQ:ADP)

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