Wall Street analysts forecast that Automatic Data Processing (NASDAQ:ADP) will report earnings per share (EPS) of $1.46 for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Automatic Data Processing’s earnings, with the lowest EPS estimate coming in at $1.43 and the highest estimate coming in at $1.48. Automatic Data Processing reported earnings per share of $1.31 in the same quarter last year, which suggests a positive year over year growth rate of 11.5%. The business is expected to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Automatic Data Processing will report full year earnings of $4.14 per share for the current fiscal year, with EPS estimates ranging from $3.97 to $4.19. For the next financial year, analysts anticipate that the business will post earnings of $4.66 per share, with EPS estimates ranging from $4.20 to $4.89. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Automatic Data Processing.
Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.10. Automatic Data Processing had a net margin of 13.47% and a return on equity of 43.28%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.
In other news, CEO Carlos A. Rodriguez sold 69,899 shares of Automatic Data Processing stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $112.29, for a total transaction of $7,848,958.71. Following the completion of the sale, the chief executive officer now directly owns 161,085 shares of the company’s stock, valued at approximately $18,088,234.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Carlos A. Rodriguez sold 95,756 shares of Automatic Data Processing stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total transaction of $11,307,826.04. Following the sale, the chief executive officer now directly owns 124,722 shares of the company’s stock, valued at $14,728,420.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 219,666 shares of company stock valued at $25,650,681. Corporate insiders own 0.25% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Carret Asset Management LLC lifted its position in Automatic Data Processing by 2.4% in the second quarter. Carret Asset Management LLC now owns 14,468 shares of the business services provider’s stock valued at $1,482,000 after acquiring an additional 336 shares during the last quarter. Earnest Partners LLC lifted its position in Automatic Data Processing by 1.0% in the second quarter. Earnest Partners LLC now owns 157,158 shares of the business services provider’s stock valued at $16,102,000 after acquiring an additional 1,564 shares during the last quarter. Caxton Associates LP purchased a new stake in Automatic Data Processing in the second quarter valued at $594,000. Moors & Cabot Inc. lifted its position in Automatic Data Processing by 8.4% in the second quarter. Moors & Cabot Inc. now owns 6,079 shares of the business services provider’s stock valued at $621,000 after acquiring an additional 470 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC purchased a new stake in Automatic Data Processing in the second quarter valued at $356,000. 78.52% of the stock is owned by institutional investors and hedge funds.
ADP stock traded down $3.94 during trading on Wednesday, reaching $109.20. 3,006,938 shares of the company traded hands, compared to its average volume of 1,905,441. Automatic Data Processing has a 12-month low of $95.50 and a 12-month high of $125.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $50,151.53, a P/E ratio of 28.36, a PEG ratio of 2.48 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 2.31%. Automatic Data Processing’s dividend payout ratio (DPR) is 65.45%.
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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.
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