Wall Street brokerages expect Automatic Data Processing (NASDAQ:ADP) to announce $3.90 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Automatic Data Processing’s earnings, with the highest sales estimate coming in at $3.94 billion and the lowest estimate coming in at $3.88 billion. Automatic Data Processing posted sales of $3.69 billion in the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, May 1st.
On average, analysts expect that Automatic Data Processing will report full year sales of $14.25 billion for the current financial year, with estimates ranging from $14.21 billion to $14.30 billion. For the next financial year, analysts expect that the business will report sales of $15.20 billion, with estimates ranging from $15.16 billion to $15.29 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Automatic Data Processing.
Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 30th. The business services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.16. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the company posted $1.03 earnings per share. Automatic Data Processing’s quarterly revenue was up 8.3% on a year-over-year basis.
Shares of NASDAQ:ADP traded up $1.37 during trading on Wednesday, reaching $159.74. 2,244,189 shares of the stock were exchanged, compared to its average volume of 2,099,445. Automatic Data Processing has a 12 month low of $111.23 and a 12 month high of $159.91. The stock has a market cap of $69.59 billion, a PE ratio of 36.72, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $3.16 annualized dividend and a dividend yield of 1.98%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 72.64%.
In related news, VP Brock Albinson sold 4,389 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $129.00, for a total value of $566,181.00. Following the sale, the vice president now owns 8,144 shares of the company’s stock, valued at $1,050,576. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John P. Jones III sold 5,688 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $129.45, for a total transaction of $736,311.60. Following the completion of the sale, the director now directly owns 57,430 shares in the company, valued at approximately $7,434,313.50. The disclosure for this sale can be found here. Insiders have sold 121,589 shares of company stock valued at $17,276,746 over the last quarter. Company insiders own 0.33% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Liberty Wealth Management LLC bought a new stake in shares of Automatic Data Processing in the fourth quarter worth $484,000. Pinnacle Bank bought a new stake in shares of Automatic Data Processing in the fourth quarter worth $709,000. Centric Wealth Management bought a new stake in shares of Automatic Data Processing in the fourth quarter worth $463,000. MUFG Securities EMEA plc grew its stake in shares of Automatic Data Processing by 362.4% in the fourth quarter. MUFG Securities EMEA plc now owns 355,500 shares of the business services provider’s stock worth $46,613,000 after purchasing an additional 278,624 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Automatic Data Processing by 9.2% during the fourth quarter. American Century Companies Inc. now owns 1,598,114 shares of the business services provider’s stock valued at $209,545,000 after acquiring an additional 134,328 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.
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.
See Also: Reverse Stock Split
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.