Brokerages Anticipate Automatic Data Processing (ADP) to Post $1.13 EPS

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Brokerages predict that Automatic Data Processing (NASDAQ:ADP) will report $1.13 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Automatic Data Processing’s earnings. The highest EPS estimate is $1.15 and the lowest is $1.12. Automatic Data Processing posted earnings per share of $0.92 in the same quarter last year, which would suggest a positive year over year growth rate of 22.8%. The business is expected to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Automatic Data Processing will report full-year earnings of $5.44 per share for the current year, with EPS estimates ranging from $5.42 to $5.49. For the next fiscal year, analysts anticipate that the company will post earnings of $6.03 per share, with EPS estimates ranging from $5.85 to $6.20. Zacks Investment Research’s earnings per share averages 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, May 1st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.08. Automatic Data Processing had a return on equity of 50.53% and a net margin of 13.76%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm earned $1.57 EPS. The firm’s revenue was up 4.2% on a year-over-year basis.

ADP has been the topic of several research reports. BidaskClub downgraded Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Sanford C. Bernstein downgraded Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Citigroup upped their target price on Automatic Data Processing from $147.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Barclays upped their target price on Automatic Data Processing from $168.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Finally, Zacks Investment Research downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $159.00.

In other Automatic Data Processing news, insider Jan Siegmund sold 27,272 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $165.00, for a total value of $4,499,880.00. Following the sale, the insider now directly owns 77,595 shares of the company’s stock, valued at $12,803,175. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stuart Sackman sold 1,478 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $155.13, for a total transaction of $229,282.14. Following the completion of the sale, the vice president now directly owns 24,122 shares in the company, valued at $3,742,045.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,456 shares of company stock worth $5,010,669. 0.33% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc raised its stake in Automatic Data Processing by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock valued at $5,566,295,000 after acquiring an additional 425,007 shares during the period. CWM LLC raised its stake in Automatic Data Processing by 16.7% in the 4th quarter. CWM LLC now owns 3,372 shares of the business services provider’s stock valued at $442,000 after acquiring an additional 483 shares during the period. Quantamental Technologies LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at $166,000. Heritage Way Advisors LLC raised its stake in Automatic Data Processing by 0.7% in the 4th quarter. Heritage Way Advisors LLC now owns 19,912 shares of the business services provider’s stock valued at $2,611,000 after acquiring an additional 137 shares during the period. Finally, Royal London Asset Management Ltd. bought a new stake in Automatic Data Processing in the 4th quarter valued at $24,030,000. 79.82% of the stock is currently owned by institutional investors.

Shares of NASDAQ ADP traded down $0.79 during mid-day trading on Friday, hitting $160.12. The stock had a trading volume of 1,090,511 shares, compared to its average volume of 1,460,195. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing has a twelve month low of $121.40 and a twelve month high of $165.50. The company has a market cap of $69.69 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.28 and a beta of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, June 13th. Automatic Data Processing’s payout ratio is 72.64%.

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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