Wall Street brokerages expect Automatic Data Processing (NASDAQ:ADP) to announce sales of $3.28 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Automatic Data Processing’s earnings, with the highest sales estimate coming in at $3.30 billion and the lowest estimate coming in at $3.26 billion. Automatic Data Processing reported sales of $3.08 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is expected to report its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Automatic Data Processing will report full-year sales of $14.14 billion for the current fiscal year, with estimates ranging from $14.10 billion to $14.27 billion. For the next fiscal year, analysts forecast that the firm will report sales of $15.12 billion per share, with estimates ranging from $14.91 billion to $15.36 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, August 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business earned $0.66 earnings per share. Automatic Data Processing’s revenue was up 8.3% compared to the same quarter last year.

ADP has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of Automatic Data Processing in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Monday, May 28th. BMO Capital Markets lifted their price target on shares of Automatic Data Processing from $126.00 to $138.00 and gave the company a “market perform” rating in a report on Wednesday, June 13th. Argus lifted their price target on shares of Automatic Data Processing from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, June 4th. Finally, Credit Suisse Group initiated coverage on shares of Automatic Data Processing in a report on Friday, August 10th. They issued an “outperform” rating and a $160.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $141.07.

In related news, insider Michael A. Bonarti sold 2,334 shares of Automatic Data Processing stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $144.77, for a total transaction of $337,893.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Don Mcguire sold 1,140 shares of Automatic Data Processing stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $145.78, for a total transaction of $166,189.20. Following the transaction, the vice president now owns 6,476 shares in the company, valued at approximately $944,071.28. The disclosure for this sale can be found here. Insiders have sold a total of 9,191 shares of company stock worth $1,301,603 in the last 90 days. Company insiders own 0.25% of the company’s stock.

Several large investors have recently bought and sold shares of ADP. Atlantic Trust LLC purchased a new stake in Automatic Data Processing during the 2nd quarter worth $104,000. Integrated Investment Consultants LLC purchased a new stake in Automatic Data Processing during the 2nd quarter worth $111,000. Jolley Asset Management LLC purchased a new stake in Automatic Data Processing during the 2nd quarter worth $117,000. Fort L.P. purchased a new stake in Automatic Data Processing during the 2nd quarter worth $119,000. Finally, Kaizen Advisory LLC increased its stake in Automatic Data Processing by 149.7% during the 2nd quarter. Kaizen Advisory LLC now owns 1,081 shares of the business services provider’s stock worth $145,000 after buying an additional 648 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.

NASDAQ ADP traded up $0.74 during mid-day trading on Tuesday, reaching $147.66. 16,119 shares of the stock were exchanged, compared to its average volume of 1,670,321. Automatic Data Processing has a 1-year low of $106.25 and a 1-year high of $147.73. The firm has a market cap of $64.46 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 2.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.05 and a current ratio of 1.05.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.76 annualized dividend and a dividend yield of 1.87%. Automatic Data Processing’s payout ratio is 63.45%.

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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