Wall Street analysts expect Automatic Data Processing, Inc. (NASDAQ:ADP – Get Rating) to announce $4.06 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Automatic Data Processing’s earnings. The lowest sales estimate is $4.03 billion and the highest is $4.08 billion. Automatic Data Processing reported sales of $3.74 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.6%. The business is scheduled to issue its next 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 financial year, with estimates ranging from $16.40 billion to $16.45 billion. For the next year, analysts expect that the company will post sales of $17.65 billion, with estimates ranging from $17.54 billion to $17.72 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Automatic Data Processing.
Automatic Data Processing (NASDAQ:ADP – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.13. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. Automatic Data Processing had a return on equity of 56.01% and a net margin of 17.77%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share.
A number of research analysts have recently issued reports on ADP shares. StockNews.com started coverage on Automatic Data Processing in a report on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird lowered their price target on Automatic Data Processing from $242.00 to $220.00 in a report on Thursday, January 27th. Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and set a $223.00 target price on the stock in a report on Wednesday, March 9th. Stifel Nicolaus reissued a “hold” rating and issued a $238.00 target price (up previously from $222.00) on shares of Automatic Data Processing in a report on Friday, March 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Automatic Data Processing from $203.00 to $234.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and an average price target of $229.00.
Shares of NASDAQ:ADP opened at $218.18 on Friday. The company has a market cap of $91.65 billion, a P/E ratio of 32.23, a PEG ratio of 2.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.04. Automatic Data Processing has a 1 year low of $184.85 and a 1 year high of $248.96. The stock’s fifty day moving average price is $219.25 and its 200-day moving average price is $223.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 10th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, June 9th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.45%.
In related news, VP James T. Sperduto sold 1,671 shares of the stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $210.47, for a total transaction of $351,695.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D’ambrosio sold 329 shares of the stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $206.93, for a total value of $68,079.97. The disclosure for this sale can be found here. Insiders sold 4,787 shares of company stock worth $1,073,466 in the last ninety days. Corporate insiders own 0.34% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Alaska Permanent Fund Corp grew its holdings in Automatic Data Processing by 3.7% during the 1st quarter. Alaska Permanent Fund Corp now owns 1,378 shares of the business services provider’s stock valued at $314,000 after buying an additional 49 shares in the last quarter. Latitude Advisors LLC grew its holdings in Automatic Data Processing by 46.6% during the 1st quarter. Latitude Advisors LLC now owns 1,807 shares of the business services provider’s stock valued at $411,000 after buying an additional 574 shares in the last quarter. Tranquility Partners LLC grew its holdings in Automatic Data Processing by 18.3% during the 1st quarter. Tranquility Partners LLC now owns 5,377 shares of the business services provider’s stock valued at $1,223,000 after buying an additional 830 shares in the last quarter. McDonald Partners LLC purchased a new position in Automatic Data Processing during the 1st quarter valued at approximately $1,519,000. Finally, Park Avenue Securities LLC grew its holdings in Automatic Data Processing by 2.2% during the 1st quarter. Park Avenue Securities LLC now owns 4,396 shares of the business services provider’s stock valued at $1,000,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 78.71% of the company’s stock.
About Automatic Data Processing (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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