Wall Street analysts predict that Automatic Data Processing (NASDAQ:ADP) will report earnings per share of $1.45 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Automatic Data Processing’s earnings, with estimates ranging from $1.42 to $1.48. Automatic Data Processing posted earnings per share of $1.34 in the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, January 29th.

According to Zacks, analysts expect that Automatic Data Processing will report full-year earnings of $6.16 per share for the current fiscal year, with EPS estimates ranging from $6.07 to $6.20. For the next fiscal year, analysts forecast that the business will post earnings of $6.92 per share, with EPS estimates ranging from $6.74 to $7.09. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Automatic Data Processing.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. Automatic Data Processing had a net margin of 16.52% and a return on equity of 46.94%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm posted $1.20 EPS. Automatic Data Processing’s revenue for the quarter was up 5.6% compared to the same quarter last year.

Several brokerages recently commented on ADP. Citigroup upped their price target on shares of Automatic Data Processing from $170.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday. Wolfe Research downgraded shares of Automatic Data Processing from an “outperform” rating to a “market perform” rating in a report on Thursday, October 31st. BidaskClub downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. ValuEngine upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Moffett Nathanson downgraded shares of Automatic Data Processing from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $182.11.

NASDAQ:ADP traded up $1.58 during mid-day trading on Wednesday, hitting $172.81. 2,096,212 shares of the stock traded hands, compared to its average volume of 1,401,271. The stock has a market capitalization of $74.03 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.14 and a beta of 0.86. Automatic Data Processing has a 52 week low of $131.84 and a 52 week high of $174.50. The firm’s 50 day moving average is $169.85 and its two-hundred day moving average is $166.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.19.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.11%. Automatic Data Processing’s dividend payout ratio (DPR) is 66.79%.

Automatic Data Processing announced that its board has initiated a stock repurchase plan on Tuesday, November 12th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 48,571 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $168.51, for a total value of $8,184,699.21. Following the completion of the sale, the chief executive officer now directly owns 144,899 shares of the company’s stock, valued at approximately $24,416,930.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Donald Weinstein sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $170.08, for a total transaction of $340,160.00. Following the completion of the sale, the vice president now directly owns 25,710 shares of the company’s stock, valued at $4,372,756.80. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hemenway Trust Co LLC boosted its holdings in Automatic Data Processing by 0.7% during the fourth quarter. Hemenway Trust Co LLC now owns 126,758 shares of the business services provider’s stock worth $21,612,000 after buying an additional 855 shares in the last quarter. Cullinan Associates Inc. boosted its holdings in Automatic Data Processing by 111.3% during the fourth quarter. Cullinan Associates Inc. now owns 35,603 shares of the business services provider’s stock worth $6,070,000 after buying an additional 18,756 shares in the last quarter. IMS Capital Management boosted its holdings in Automatic Data Processing by 17.5% during the fourth quarter. IMS Capital Management now owns 4,816 shares of the business services provider’s stock worth $821,000 after buying an additional 716 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Automatic Data Processing by 27.5% during the fourth quarter. AE Wealth Management LLC now owns 10,502 shares of the business services provider’s stock worth $1,791,000 after buying an additional 2,264 shares in the last quarter. Finally, Boenning & Scattergood Inc. lifted its holdings in Automatic Data Processing by 1.1% during the fourth quarter. Boenning & Scattergood Inc. now owns 9,319 shares of the business services provider’s stock valued at $1,589,000 after purchasing an additional 101 shares in the last quarter. 80.05% of the stock is owned by hedge funds and other 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.

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

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