Zacks: Analysts Expect Automatic Data Processing, Inc. (NASDAQ:ADP) Will Announce Quarterly Sales of $4.05 Billion

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Wall Street analysts expect that Automatic Data Processing, Inc. (NASDAQ:ADPGet Rating) will announce $4.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Automatic Data Processing’s earnings, with estimates ranging from $4.03 billion to $4.08 billion. Automatic Data Processing posted sales of $3.74 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Automatic Data Processing will report full year sales of $16.43 billion for the current fiscal year, with estimates ranging from $16.40 billion to $16.45 billion. For the next fiscal year, analysts expect that the business will report sales of $17.65 billion, with estimates ranging from $17.54 billion to $17.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADPGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The business services provider reported $2.21 EPS for the quarter, topping the consensus estimate of $2.08 by $0.13. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Automatic Data Processing had a net margin of 17.77% and a return on equity of 56.01%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS.

Several equities research analysts have issued reports on ADP shares. Robert W. Baird lowered their target price on shares of Automatic Data Processing from $242.00 to $220.00 in a research note on Thursday, January 27th. Morgan Stanley lowered their price target on shares of Automatic Data Processing from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 27th. Barclays boosted their price target on shares of Automatic Data Processing from $238.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, May 2nd. Mizuho boosted their price target on shares of Automatic Data Processing from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, May 2nd. Finally, Bank of America raised shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and set a $223.00 target price on the stock in a research report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $231.43.

Shares of NASDAQ ADP opened at $208.64 on Friday. Automatic Data Processing has a one year low of $192.18 and a one year high of $248.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a fifty day moving average of $221.76 and a 200 day moving average of $222.53. The firm has a market cap of $87.16 billion, a PE ratio of 30.82, a PEG ratio of 2.49 and a beta of 0.82.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 10th will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, June 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.99%. Automatic Data Processing’s payout ratio is 61.45%.

In other news, VP Christopher D’ambrosio sold 312 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $214.07, for a total value of $66,789.84. Following the completion of the sale, the vice president now directly owns 1,663 shares of the company’s stock, valued at $355,998.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Deborah L. Dyson sold 2,787 shares of the stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $234.55, for a total value of $653,690.85. Following the completion of the sale, the vice president now directly owns 26,663 shares of the company’s stock, valued at $6,253,806.65. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ADP. Gilman Hill Asset Management LLC boosted its stake in Automatic Data Processing by 2.8% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,620 shares of the business services provider’s stock valued at $399,000 after purchasing an additional 44 shares during the period. First Hawaiian Bank raised its holdings in Automatic Data Processing by 1.1% in the 1st quarter. First Hawaiian Bank now owns 4,176 shares of the business services provider’s stock valued at $950,000 after acquiring an additional 45 shares in the last quarter. Baystate Wealth Management LLC raised its holdings in Automatic Data Processing by 3.2% in the 4th quarter. Baystate Wealth Management LLC now owns 1,482 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 46 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Automatic Data Processing by 1.4% in the 1st quarter. Lindbrook Capital LLC now owns 3,302 shares of the business services provider’s stock valued at $751,000 after acquiring an additional 46 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in Automatic Data Processing by 0.4% in the 1st quarter. Atlantic Union Bankshares Corp now owns 10,589 shares of the business services provider’s stock valued at $2,409,000 after acquiring an additional 47 shares in the last quarter. 78.84% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Company Profile (Get Rating)

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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



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