Analysts expect Automatic Data Processing, Inc. (NASDAQ:ADP) to post $1.82 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Automatic Data Processing’s earnings, with the highest EPS estimate coming in at $1.92 and the lowest estimate coming in at $1.72. Automatic Data Processing posted earnings per share of $1.92 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.2%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, April 28th.
On average, analysts expect that Automatic Data Processing will report full-year earnings of $5.93 per share for the current financial year, with EPS estimates ranging from $5.87 to $6.01. For the next financial year, analysts forecast that the company will post earnings of $6.49 per share, with EPS estimates ranging from $6.24 to $6.99. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Automatic Data Processing.
Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Tuesday, January 26th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.57 billion. Automatic Data Processing had a net margin of 17.07% and a return on equity of 46.13%. Automatic Data Processing’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS.
Automatic Data Processing stock traded up $1.24 during midday trading on Friday, reaching $189.44. 1,128,463 shares of the stock traded hands, compared to its average volume of 2,069,331. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $182.21 and a two-hundred day moving average price of $168.06. The firm has a market cap of $81.07 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.39 and a beta of 0.70. Automatic Data Processing has a fifty-two week low of $127.31 and a fifty-two week high of $193.76.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Friday, June 11th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, June 10th. Automatic Data Processing’s dividend payout ratio is presently 62.84%.
In other news, VP Deborah L. Dyson sold 600 shares of the business’s stock in a transaction that occurred on Monday, January 11th. The shares were sold at an average price of $170.93, for a total transaction of $102,558.00. Following the sale, the vice president now owns 24,786 shares in the company, valued at $4,236,670.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stuart Sackman sold 576 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $185.00, for a total transaction of $106,560.00. Following the sale, the vice president now owns 23,221 shares in the company, valued at approximately $4,295,885. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Chandler Asset Management Inc. acquired a new position in Automatic Data Processing in the 4th quarter valued at approximately $26,000. Advisory Alpha LLC acquired a new position in Automatic Data Processing in the 3rd quarter valued at approximately $29,000. Bainco International Investors acquired a new position in Automatic Data Processing in the 4th quarter valued at approximately $34,000. Freedman Financial Associates Inc. acquired a new position in Automatic Data Processing in the 4th quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Automatic Data Processing by 1,005.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 221 shares of the business services provider’s stock valued at $39,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 79.65% of the company’s stock.
About Automatic Data Processing
Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.
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