Wall Street analysts predict that Adp, Llc (NASDAQ:ADP) will announce $0.89 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for ADP’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.93. ADP reported earnings of $0.65 per share during the same quarter last year, which indicates a positive year over year growth rate of 36.9%. The firm is scheduled to report its next earnings report on Thursday, July 26th.

On average, analysts expect that ADP will report full-year earnings of $4.30 per share for the current financial year, with EPS estimates ranging from $4.15 to $4.33. For the next financial year, analysts forecast that the firm will report earnings of $4.82 per share, with EPS estimates ranging from $4.20 to $5.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow ADP.

ADP (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. ADP had a net margin of 13.60% and a return on equity of 45.69%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis.

Several brokerages recently issued reports on ADP. BidaskClub upgraded shares of ADP from a “buy” rating to a “strong-buy” rating in a report on Friday, May 4th. Bank of America raised their target price on shares of ADP from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 4th. Stifel Nicolaus raised their target price on shares of ADP from $113.00 to $133.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Barclays raised their target price on shares of ADP from $121.00 to $128.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research upgraded shares of ADP from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Tuesday, January 23rd. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $123.00.

ADP stock traded up $1.00 on Friday, hitting $128.07. The company had a trading volume of 37,944 shares, compared to its average volume of 2,347,556. ADP has a 12-month low of $126.95 and a 12-month high of $127.62. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $55.81 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.66 and a beta of 0.87.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 8th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, June 7th. This is a boost from ADP’s previous quarterly dividend of $0.63. ADP’s dividend payout ratio (DPR) is currently 68.11%.

In other news, CEO Carlos A. Rodriguez sold 69,899 shares of ADP 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 transaction, the chief executive officer now owns 161,085 shares in the company, valued at approximately $18,088,234.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Windward Capital Management Co. CA raised its position in shares of ADP by 76.3% during the 4th quarter. Windward Capital Management Co. CA now owns 17,051 shares of the business services provider’s stock valued at $1,998,000 after purchasing an additional 7,377 shares during the period. VNBTrust National Association bought a new stake in shares of ADP during the 4th quarter valued at $211,000. Sawyer & Company Inc bought a new stake in shares of ADP during the 4th quarter valued at $2,615,000. Atria Investments LLC raised its position in shares of ADP by 10.3% during the 4th quarter. Atria Investments LLC now owns 25,117 shares of the business services provider’s stock valued at $2,943,000 after purchasing an additional 2,348 shares during the period. Finally, Pennsylvania Trust Co raised its position in shares of ADP by 0.5% during the 4th quarter. Pennsylvania Trust Co now owns 154,921 shares of the business services provider’s stock valued at $18,155,000 after purchasing an additional 823 shares during the period. Institutional investors and hedge funds own 79.50% of the company’s stock.

ADP Company Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions.

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Earnings History and Estimates for ADP (NASDAQ:ADP)

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