Automatic Data Processing (ADP) Set to Announce Quarterly Earnings on Tuesday
Automatic Data Processing (NYSE:ADP) is set to issue its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.84 per share for the quarter.
Automatic Data Processing (NYSE:ADP) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Automatic Data Processing had a net margin of 8.67% and a return on equity of 26.39%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. On average, analysts expect Automatic Data Processing to post $3.81 EPS for the current fiscal year and $4.25 EPS for the next fiscal year.
Automatic Data Processing (NYSE:ADP) opened at 117.01 on Tuesday. The stock has a market capitalization of $52.00 billion and a price-to-earnings ratio of 30.39. Automatic Data Processing has a 52-week low of $85.48 and a 52-week high of $121.77. The stock’s 50 day moving average is $110.44 and its 200-day moving average is $105.32.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 8th were given a dividend of $0.57 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.28 annualized dividend and a dividend yield of 1.95%.
Several analysts have recently commented on ADP shares. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Morgan Stanley downgraded shares of Automatic Data Processing from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $98.00 to $100.00 in a research report on Thursday, August 3rd. Bank of America Corporation raised their price objective on shares of Automatic Data Processing from $111.00 to $114.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Barclays PLC restated an “equal weight” rating and set a $105.00 price objective on shares of Automatic Data Processing in a research report on Tuesday, August 15th. Finally, BMO Capital Markets restated a “market perform” rating and set a $105.00 price objective on shares of Automatic Data Processing in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $109.25.
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In other Automatic Data Processing news, VP Brock Albinson sold 3,663 shares of Automatic Data Processing stock in a transaction on Friday, September 1st. The shares were sold at an average price of $106.54, for a total value of $390,256.02. Following the completion of the transaction, the vice president now directly owns 6,287 shares of the company’s stock, valued at approximately $669,816.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carlos A. Rodriguez sold 36,363 shares of Automatic Data Processing stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the completion of the transaction, the chief executive officer now directly owns 146,494 shares of the company’s stock, valued at $16,114,340. The disclosure for this sale can be found here. Insiders have sold 40,657 shares of company stock valued at $4,457,476 over the last ninety days.
Automatic Data Processing Company Profile
Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.
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