$1.33 EPS Expected for Automatic Data Processing (NASDAQ:ADP) This Quarter

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Wall Street brokerages expect Automatic Data Processing (NASDAQ:ADP) to post earnings per share (EPS) of $1.33 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Automatic Data Processing’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.36. Automatic Data Processing posted earnings per share of $1.20 in the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The business is expected to report its next earnings results before the market opens on Wednesday, October 30th.

According to Zacks, analysts expect that Automatic Data Processing will report full-year earnings of $6.16 per share for the current year, with EPS estimates ranging from $6.12 to $6.22. For the next financial year, analysts expect that the company will report earnings of $6.96 per share, with EPS estimates ranging from $6.80 to $7.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. Automatic Data Processing had a net margin of 16.17% and a return on equity of 47.48%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Automatic Data Processing from $170.00 to $177.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Barclays boosted their price target on shares of Automatic Data Processing from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley upped their price objective on shares of Automatic Data Processing from $150.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Finally, Robert W. Baird upped their price objective on shares of Automatic Data Processing from $167.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $175.67.

In related news, CEO Carlos A. Rodriguez sold 49,392 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $161.70, for a total transaction of $7,986,686.40. Following the completion of the sale, the chief executive officer now directly owns 132,338 shares in the company, valued at approximately $21,399,054.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brock Albinson sold 6,683 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $167.87, for a total transaction of $1,121,875.21. Following the sale, the vice president now owns 6,302 shares of the company’s stock, valued at $1,057,916.74. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Automatic Data Processing by 0.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 33,003 shares of the business services provider’s stock valued at $5,272,000 after acquiring an additional 241 shares during the last quarter. Belpointe Asset Management LLC raised its stake in shares of Automatic Data Processing by 4.5% in the first quarter. Belpointe Asset Management LLC now owns 1,875 shares of the business services provider’s stock valued at $299,000 after acquiring an additional 81 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Automatic Data Processing in the first quarter valued at approximately $56,000. GYL Financial Synergies LLC bought a new position in shares of Automatic Data Processing in the first quarter valued at approximately $257,000. Finally, Cerebellum GP LLC raised its stake in shares of Automatic Data Processing by 458.3% in the first quarter. Cerebellum GP LLC now owns 1,072 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 880 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

ADP stock traded down $1.85 during midday trading on Wednesday, reaching $161.69. The company had a trading volume of 31,364 shares, compared to its average volume of 1,810,407. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing has a 1 year low of $121.40 and a 1 year high of $174.50. The company has a market capitalization of $71.05 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.04 and a beta of 0.90. The firm has a 50-day moving average price of $162.83 and a 200-day moving average price of $163.73.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.79 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.95%. Automatic Data Processing’s dividend payout ratio (DPR) is 57.98%.

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.

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