Wall Street brokerages expect that Automatic Data Processing (NASDAQ:ADP) will post sales of $3.44 billion for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Automatic Data Processing’s earnings, with the highest sales estimate coming in at $3.48 billion and the lowest estimate coming in at $3.42 billion. Automatic Data Processing posted sales of $3.24 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Automatic Data Processing will report full year sales of $14.18 billion for the current year, with estimates ranging from $14.15 billion to $14.20 billion. For the next financial year, analysts expect that the business will report sales of $15.16 billion, with estimates ranging from $14.95 billion to $15.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Automatic Data Processing.

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

ADP has been the topic of a number of research reports. BidaskClub downgraded shares of Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Argus raised their price target on shares of Automatic Data Processing from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, August 13th. Guggenheim started coverage on shares of Automatic Data Processing in a report on Monday, August 20th. They issued a “buy” rating and a $175.00 price target on the stock. Moffett Nathanson started coverage on shares of Automatic Data Processing in a report on Thursday, October 4th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Jefferies Financial Group started coverage on shares of Automatic Data Processing in a report on Monday, October 1st. They issued a “hold” rating and a $160.00 price target on the stock. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Automatic Data Processing has an average rating of “Buy” and a consensus target price of $148.69.

In related news, VP Michael C. Eberhard sold 9,100 shares of Automatic Data Processing stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $150.00, for a total value of $1,365,000.00. Following the completion of the sale, the vice president now directly owns 48,468 shares in the company, valued at approximately $7,270,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carlos A. Rodriguez sold 101,620 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $147.46, for a total transaction of $14,984,885.20. Following the completion of the sale, the chief executive officer now owns 199,405 shares of the company’s stock, valued at $29,404,261.30. The disclosure for this sale can be found here. Insiders sold a total of 117,539 shares of company stock worth $17,336,818 over the last 90 days. Company insiders own 0.33% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG lifted its stake in Automatic Data Processing by 36.3% during the 3rd quarter. Deutsche Bank AG now owns 2,546,248 shares of the business services provider’s stock valued at $383,612,000 after acquiring an additional 678,657 shares during the period. Sunbelt Securities Inc. lifted its stake in Automatic Data Processing by 43.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,818 shares of the business services provider’s stock valued at $1,027,000 after acquiring an additional 2,062 shares during the period. Capital Research Global Investors lifted its stake in Automatic Data Processing by 69.7% during the 3rd quarter. Capital Research Global Investors now owns 263,000 shares of the business services provider’s stock valued at $39,624,000 after acquiring an additional 108,000 shares during the period. LPL Financial LLC lifted its stake in Automatic Data Processing by 11.2% during the 3rd quarter. LPL Financial LLC now owns 75,558 shares of the business services provider’s stock valued at $11,384,000 after acquiring an additional 7,632 shares during the period. Finally, Fifth Third Bancorp lifted its stake in Automatic Data Processing by 5.7% during the 3rd quarter. Fifth Third Bancorp now owns 538,746 shares of the business services provider’s stock valued at $81,167,000 after acquiring an additional 29,101 shares during the period. Institutional investors own 78.14% of the company’s stock.

NASDAQ ADP traded down $2.00 during trading on Friday, reaching $142.72. 2,239,600 shares of the company’s stock traded hands, compared to its average volume of 2,160,297. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $63.11 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. Automatic Data Processing has a 12-month low of $107.61 and a 12-month high of $153.51.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be issued a $0.79 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.69. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, December 13th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.45%.

About Automatic Data Processing

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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