Wall Street analysts expect Automatic Data Processing (NASDAQ:ADP) to report earnings of $1.18 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Automatic Data Processing’s earnings, with the lowest EPS estimate coming in at $1.16 and the highest estimate coming in at $1.23. Automatic Data Processing reported earnings of $0.99 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The firm is expected to issue its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Automatic Data Processing will report full-year earnings of $5.25 per share for the current year, with EPS estimates ranging from $5.15 to $5.30. For the next fiscal year, analysts expect that the firm will report earnings of $5.94 per share, with EPS estimates ranging from $5.75 to $6.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 31st. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.09. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Automatic Data Processing had a return on equity of 50.96% and a net margin of 12.71%. Automatic Data Processing’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share.

Several research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Automatic Data Processing to $167.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. BMO Capital Markets cut their target price on Automatic Data Processing from $155.00 to $150.00 and set a “market perform” rating on the stock in a research report on Thursday, November 1st. Citigroup lifted their target price on Automatic Data Processing from $137.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, November 1st. Zacks Investment Research raised Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Moffett Nathanson initiated coverage on Automatic Data Processing in a research report on Thursday, October 4th. They issued a “buy” rating and a $180.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $148.69.

In other Automatic Data Processing news, VP Brock Albinson sold 3,345 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $144.35, for a total value of $482,850.75. Following the sale, the vice president now directly owns 6,081 shares in the company, valued at $877,792.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Carlos A. Rodriguez sold 101,620 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $147.46, for a total value of $14,984,885.20. Following the completion of the sale, the chief executive officer now owns 199,405 shares in the company, valued at $29,404,261.30. The disclosure for this sale can be found here. In the last three months, insiders sold 117,539 shares of company stock worth $17,336,818. Insiders own 0.33% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ADP. BlackRock Inc. raised its stake in shares of Automatic Data Processing by 1.4% during the 2nd quarter. BlackRock Inc. now owns 29,370,904 shares of the business services provider’s stock valued at $3,939,812,000 after purchasing an additional 410,257 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Automatic Data Processing by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,605,668 shares of the business services provider’s stock valued at $1,447,190,000 after purchasing an additional 121,162 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Automatic Data Processing by 213.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,639,847 shares of the business services provider’s stock valued at $1,301,682,000 after purchasing an additional 5,880,242 shares during the period. Morgan Stanley raised its stake in shares of Automatic Data Processing by 11.7% during the 2nd quarter. Morgan Stanley now owns 7,671,784 shares of the business services provider’s stock valued at $1,029,094,000 after purchasing an additional 801,928 shares during the period. Finally, Polen Capital Management LLC raised its stake in shares of Automatic Data Processing by 1.2% during the 2nd quarter. Polen Capital Management LLC now owns 7,146,946 shares of the business services provider’s stock valued at $958,691,000 after purchasing an additional 84,493 shares during the period. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Shares of NASDAQ:ADP opened at $147.19 on Wednesday. The company has a market cap of $64.92 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.03. Automatic Data Processing has a 12-month low of $107.61 and a 12-month high of $153.51.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th will be given a $0.79 dividend. The ex-dividend date is Thursday, December 13th. This represents a $3.16 annualized dividend and a yield of 2.15%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.69. Automatic Data Processing’s payout ratio is currently 63.45%.

Automatic Data Processing Company Profile

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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Earnings History and Estimates for Automatic Data Processing (NASDAQ:ADP)

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