Automatic Data Processing (NYSE:ADP) – Equities research analysts at Wedbush reduced their Q1 2018 EPS estimates for Automatic Data Processing in a research note issued to investors on Tuesday. Wedbush analyst M. Katri now forecasts that the business services provider will post earnings of $0.84 per share for the quarter, down from their prior estimate of $0.91. Wedbush also issued estimates for Automatic Data Processing’s Q2 2018 earnings at $0.89 EPS, Q3 2018 earnings at $1.35 EPS, Q4 2018 earnings at $0.72 EPS, Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $1.01 EPS, Q3 2019 earnings at $1.50 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $4.25 EPS.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This news story was posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/10/18/q1-2018-eps-estimates-for-automatic-data-processing-reduced-by-analyst-adp.html.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Automatic Data Processing in a report on Friday, September 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Automatic Data Processing in a report on Wednesday, August 9th. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Saturday, September 9th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Automatic Data Processing in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $109.25.

Automatic Data Processing (ADP) traded up 0.58% on Wednesday, reaching $114.38. The company’s stock had a trading volume of 442,476 shares. The company has a market cap of $50.83 billion and a P/E ratio of 29.71. The company has a 50-day moving average price of $108.98 and a 200 day moving average price of $104.75. Automatic Data Processing has a 12 month low of $85.48 and a 12 month high of $121.77.

Several institutional investors have recently bought and sold shares of the company. Curbstone Financial Management Corp raised its holdings in shares of Automatic Data Processing by 91.2% during the 3rd quarter. Curbstone Financial Management Corp now owns 5,420 shares of the business services provider’s stock worth $593,000 after buying an additional 2,585 shares in the last quarter. Intl Fcstone Inc. acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth $1,699,000. Achmea Investment Management B.V. raised its holdings in shares of Automatic Data Processing by 152.4% during the 2nd quarter. Achmea Investment Management B.V. now owns 28,225 shares of the business services provider’s stock worth $2,887,000 after buying an additional 17,043 shares in the last quarter. Farmers National Bank raised its holdings in shares of Automatic Data Processing by 4.0% during the 2nd quarter. Farmers National Bank now owns 1,917 shares of the business services provider’s stock worth $196,000 after buying an additional 73 shares in the last quarter. Finally, Atlantic Trust LLC raised its holdings in shares of Automatic Data Processing by 12.2% during the 2nd quarter. Atlantic Trust LLC now owns 4,375 shares of the business services provider’s stock worth $449,000 after buying an additional 475 shares in the last quarter.

In other news, VP Maria Black sold 631 shares of the business’s stock in a transaction on Saturday, September 2nd. The stock was sold at an average price of $106.64, for a total transaction of $67,289.84. Following the completion of the transaction, the vice president now owns 10,550 shares of the company’s stock, valued at approximately $1,125,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brock Albinson sold 3,663 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $106.54, for a total value of $390,256.02. Following the transaction, the vice president now directly owns 6,287 shares of the company’s stock, valued at approximately $669,816.98. The disclosure for this sale can be found here. Insiders have sold a total of 40,657 shares of company stock valued at $4,457,476 in the last three months.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 8th were issued a dividend of $0.57 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.00%.

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.

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

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