Equities research analysts expect that Automatic Data Processing (NASDAQ:ADP) will report earnings per share of $1.10 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Automatic Data Processing’s earnings, with estimates ranging from $0.99 to $1.15. Automatic Data Processing posted earnings per share of $0.91 during the same quarter last year, which indicates a positive year-over-year growth rate of 20.9%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, October 31st.

On average, analysts expect that Automatic Data Processing will report full-year earnings of $5.17 per share for the current fiscal year, with EPS estimates ranging from $5.09 to $5.22. For the next financial year, analysts anticipate that the firm will post earnings of $5.89 per share, with EPS estimates ranging from $5.69 to $6.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, August 1st. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Automatic Data Processing had a net margin of 12.16% and a return on equity of 50.17%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the business earned $0.66 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year.

Several equities research analysts have recently issued reports on ADP shares. Guggenheim started coverage on shares of Automatic Data Processing in a research report on Monday, August 20th. They set a “buy” rating and a $175.00 price objective on the stock. BidaskClub cut shares of Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research cut shares of Automatic Data Processing from a “strong-buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Thursday, July 12th. Argus lifted their price objective on shares of Automatic Data Processing from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, Moffett Nathanson started coverage on shares of Automatic Data Processing in a research report on Thursday, October 4th. They set a “buy” rating and a $180.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Automatic Data Processing presently has an average rating of “Buy” and an average target price of $144.47.

NASDAQ ADP traded up $2.54 on Friday, reaching $140.72. 2,445,527 shares of the stock were exchanged, compared to its average volume of 2,160,850. Automatic Data Processing has a one year low of $107.61 and a one year high of $153.51. The stock has a market cap of $65.90 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.57 and a beta of 0.92. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.58.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, September 13th. Automatic Data Processing’s dividend payout ratio is presently 63.45%.

In related news, insider Michael A. Bonarti sold 2,334 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $144.77, for a total value of $337,893.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $482,850.75. Following the completion of the sale, the vice president now owns 6,081 shares in the company, valued at approximately $877,792.35. The disclosure for this sale can be found here. Insiders sold 15,919 shares of company stock worth $2,351,933 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC boosted its stake in Automatic Data Processing by 22,962.3% during the second quarter. Moneta Group Investment Advisors LLC now owns 230,623 shares of the business services provider’s stock worth $1,126,000 after buying an additional 229,623 shares during the period. Winslow Capital Management LLC boosted its stake in Automatic Data Processing by 32.3% during the second quarter. Winslow Capital Management LLC now owns 2,051,567 shares of the business services provider’s stock worth $275,197,000 after buying an additional 500,640 shares during the period. Verition Fund Management LLC purchased a new position in Automatic Data Processing during the second quarter worth $3,147,000. AIMZ Investment Advisors LLC purchased a new position in Automatic Data Processing during the second quarter worth $233,000. Finally, First Republic Investment Management Inc. boosted its stake in Automatic Data Processing by 13.8% during the second quarter. First Republic Investment Management Inc. now owns 136,921 shares of the business services provider’s stock worth $18,366,000 after buying an additional 16,653 shares during the period. Institutional investors own 77.73% of the company’s stock.

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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