$0.96 Earnings Per Share Expected for Automatic Data Processing (NASDAQ:ADP) This Quarter

Analysts expect that Automatic Data Processing (NASDAQ:ADP) will post earnings per share of $0.96 for the current quarter, Zacks reports. Six analysts have provided estimates for Automatic Data Processing’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $1.08. Automatic Data Processing posted earnings of $1.14 per share during the same quarter last year, which would suggest a negative year over year growth rate of 15.8%. The firm is expected to issue its next earnings report before the market opens on Wednesday, July 29th.

According to Zacks, analysts expect that Automatic Data Processing will report full-year earnings of $5.75 per share for the current fiscal year, with EPS estimates ranging from $5.68 to $5.86. For the next financial year, analysts forecast that the firm will report earnings of $5.69 per share, with EPS estimates ranging from $5.23 to $6.29. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.92 EPS for the quarter, hitting analysts’ consensus estimates of $1.92. Automatic Data Processing had a net margin of 17.20% and a return on equity of 47.51%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year.

ADP has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Automatic Data Processing from $140.00 to $147.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Stifel Nicolaus boosted their price target on shares of Automatic Data Processing from $150.00 to $155.00 and gave the company a “hold” rating in a report on Thursday, April 30th. UBS Group raised shares of Automatic Data Processing from a “sell” rating to a “neutral” rating in a report on Wednesday, April 1st. BidaskClub lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Cowen decreased their price target on shares of Automatic Data Processing from $195.00 to $158.00 and set an “outperform” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. Automatic Data Processing has a consensus rating of “Hold” and an average target price of $165.54.

ADP traded up $1.43 during trading on Wednesday, reaching $146.15. 23,333 shares of the company’s stock were exchanged, compared to its average volume of 2,072,617. Automatic Data Processing has a fifty-two week low of $103.11 and a fifty-two week high of $182.32. The firm has a market capitalization of $62.20 billion, a PE ratio of 24.82, a P/E/G ratio of 2.10 and a beta of 0.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.03 and a current ratio of 1.03. The company’s fifty day moving average price is $145.35 and its 200-day moving average price is $154.86.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 11th. Automatic Data Processing’s payout ratio is presently 66.79%.

In other Automatic Data Processing news, VP Brian L. Michaud sold 250 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $140.23, for a total transaction of $35,057.50. Following the sale, the vice president now directly owns 5,412 shares of the company’s stock, valued at approximately $758,924.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.31% of the company’s stock.

Large investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV bought a new stake in Automatic Data Processing during the 1st quarter worth about $27,000. Paragon Capital Management LLC bought a new stake in Automatic Data Processing during the 1st quarter worth about $27,000. Raab & Moskowitz Asset Management LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $28,000. Cranbrook Wealth Management LLC raised its holdings in shares of Automatic Data Processing by 361.1% in the 4th quarter. Cranbrook Wealth Management LLC now owns 166 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 130 shares during the period. Finally, Pacitti Group Inc. bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $32,000. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

About Automatic Data Processing

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.

Further Reading: How to track put option volume

Get a free copy of the Zacks research report on Automatic Data Processing (ADP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.