$0.91 Earnings Per Share Expected for Automatic Data Processing (ADP) This Quarter

Equities analysts forecast that Automatic Data Processing (NASDAQ:ADP) will post earnings of $0.91 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Automatic Data Processing’s earnings. The highest EPS estimate is $1.00 and the lowest is $0.88. Automatic Data Processing reported earnings of $0.65 per share during the same quarter last year, which would suggest a positive year over year growth rate of 40%. The firm is expected to issue its next earnings report on Thursday, July 26th.

On average, analysts expect that Automatic Data Processing will report full-year earnings of $4.33 per share for the current financial year, with EPS estimates ranging from $4.31 to $4.43. For the next fiscal year, analysts forecast that the business will report earnings of $5.05 per share, with EPS estimates ranging from $4.20 to $5.37. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, May 2nd. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Automatic Data Processing had a return on equity of 45.69% and a net margin of 13.60%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis.

ADP has been the subject of several research reports. Bank of America boosted their price objective on Automatic Data Processing from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Thursday, April 5th. ValuEngine upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Argus boosted their price objective on Automatic Data Processing from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $132.00.

In other Automatic Data Processing news, insider Michael C. Eberhard sold 7,963 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $135.00, for a total transaction of $1,075,005.00. Following the transaction, the insider now directly owns 43,437 shares in the company, valued at $5,863,995. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stuart Sackman sold 2,566 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $135.00, for a total value of $346,410.00. Following the transaction, the vice president now owns 21,740 shares in the company, valued at $2,934,900. The disclosure for this sale can be found here. Insiders sold 21,438 shares of company stock valued at $2,919,488 over the last quarter. 0.25% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Rikoon Group LLC raised its position in shares of Automatic Data Processing by 10.5% during the 1st quarter. Rikoon Group LLC now owns 3,990 shares of the business services provider’s stock worth $452,000 after purchasing an additional 379 shares during the last quarter. Connors Investor Services Inc. raised its position in shares of Automatic Data Processing by 1.4% during the 4th quarter. Connors Investor Services Inc. now owns 33,136 shares of the business services provider’s stock worth $3,883,000 after purchasing an additional 455 shares during the last quarter. Scotia Capital Inc. raised its position in shares of Automatic Data Processing by 2.2% during the 4th quarter. Scotia Capital Inc. now owns 21,082 shares of the business services provider’s stock worth $2,471,000 after purchasing an additional 461 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Automatic Data Processing by 7.4% during the 4th quarter. Moors & Cabot Inc. now owns 6,736 shares of the business services provider’s stock worth $792,000 after purchasing an additional 462 shares during the last quarter. Finally, Pitcairn Co. raised its position in shares of Automatic Data Processing by 19.8% during the 4th quarter. Pitcairn Co. now owns 2,809 shares of the business services provider’s stock worth $329,000 after purchasing an additional 464 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

Automatic Data Processing opened at $134.14 on Monday, according to MarketBeat.com. The firm has a market capitalization of $59.09 billion, a PE ratio of 36.25, a P/E/G ratio of 2.73 and a beta of 0.90. Automatic Data Processing has a 12 month low of $100.51 and a 12 month high of $141.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 1st. Investors of record on Friday, June 8th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.06%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, June 7th. Automatic Data Processing’s dividend payout ratio is presently 74.59%.

About Automatic Data Processing

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

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

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