Equities research analysts expect that Automatic Data Processing (NYSE:ADP) will post $3.06 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Automatic Data Processing’s earnings, with the highest sales estimate coming in at $3.07 billion and the lowest estimate coming in at $3.05 billion. Automatic Data Processing posted sales of $2.92 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The company is expected to announce its next earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Automatic Data Processing will report full year sales of $3.06 billion for the current financial year, with estimates ranging from $13.01 billion to $13.09 billion. For the next year, analysts expect that the business will report sales of $13.87 billion per share, with estimates ranging from $13.79 billion to $14.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Automatic Data Processing.

Automatic Data Processing (NYSE:ADP) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). Automatic Data Processing had a return on equity of 26.39% and a net margin of 8.67%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. Automatic Data Processing’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Several research analysts have recently issued reports on ADP shares. Royal Bank Of Canada reissued a “hold” rating and issued a $95.00 target price on shares of Automatic Data Processing in a research report on Friday, September 15th. BMO Capital Markets reissued a “market perform” rating and issued a $105.00 target price on shares of Automatic Data Processing in a research report on Wednesday, August 9th. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Zacks Investment Research raised Automatic Data Processing from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Monday. Finally, Robert W. Baird reissued a “neutral” rating and issued a $95.00 target price on shares of Automatic Data Processing in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.25.

In related news, VP Brock Albinson sold 3,663 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $106.54, for a total transaction of $390,256.02. Following the completion of the transaction, the vice president now owns 6,287 shares of the company’s stock, valued at approximately $669,816.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Maria Black sold 631 shares of the firm’s stock in a transaction that occurred on Saturday, September 2nd. The shares were sold at an average price of $106.64, for a total value of $67,289.84. Following the transaction, the vice president now directly owns 10,550 shares of the company’s stock, valued at approximately $1,125,052. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,657 shares of company stock valued at $4,457,476.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goelzer Investment Management Inc. boosted its stake in Automatic Data Processing by 0.3% during the 1st quarter. Goelzer Investment Management Inc. now owns 4,239 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 12 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Automatic Data Processing by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 12 shares during the last quarter. Washington Trust Bank boosted its stake in Automatic Data Processing by 0.4% during the 2nd quarter. Washington Trust Bank now owns 3,392 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 12 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in Automatic Data Processing by 0.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 16 shares during the last quarter. Finally, Personal Capital Advisors Corp boosted its stake in Automatic Data Processing by 0.7% during the 2nd quarter. Personal Capital Advisors Corp now owns 2,371 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 16 shares during the last quarter.

Automatic Data Processing (NYSE ADP) traded down 0.93% during trading on Friday, hitting $113.52. The stock had a trading volume of 662,775 shares. Automatic Data Processing has a 52-week low of $85.48 and a 52-week high of $121.77. The firm has a market cap of $50.45 billion and a P/E ratio of 29.49. The company has a 50-day moving average of $108.98 and a 200 day moving average of $104.75.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 8th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, September 7th.

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Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

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