Automatic Data Processing (ADP) to Release Earnings on Tuesday

Automatic Data Processing (NASDAQ:ADP) is scheduled to release its earnings data before the market opens on Tuesday, January 30th.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. Automatic Data Processing’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. On average, analysts expect Automatic Data Processing to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Automatic Data Processing (ADP) opened at $122.77 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $53,857.39, a P/E ratio of 31.24, a P/E/G ratio of 3.00 and a beta of 0.85. Automatic Data Processing has a 52-week low of $94.11 and a 52-week high of $122.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 annualized dividend and a yield of 2.05%. Automatic Data Processing’s payout ratio is 64.12%.

In related news, VP Donald Weinstein sold 2,275 shares of Automatic Data Processing stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total transaction of $263,968.25. Following the completion of the sale, the vice president now directly owns 27,399 shares of the company’s stock, valued at $3,179,105.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Maria Black sold 1,786 shares of Automatic Data Processing stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $119.72, for a total value of $213,819.92. Following the sale, the vice president now directly owns 11,858 shares of the company’s stock, valued at $1,419,639.76. The disclosure for this sale can be found here. Insiders sold a total of 117,291 shares of company stock valued at $13,826,607 over the last three months. Insiders own 0.25% of the company’s stock.

ADP has been the subject of several research analyst reports. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $108.00 price objective on shares of Automatic Data Processing in a research report on Wednesday, October 4th. Bank of America lifted their price objective on Automatic Data Processing from $111.00 to $114.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Finally, Barclays lifted their price objective on Automatic Data Processing from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $115.21.

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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.

Earnings History for Automatic Data Processing (NASDAQ:ADP)

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