Equities analysts expect Automatic Data Processing (NASDAQ:ADP) to report $3.68 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Automatic Data Processing’s earnings. The lowest sales estimate is $3.64 billion and the highest is $3.71 billion. Automatic Data Processing reported sales of $3.51 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, January 29th.

According to Zacks, analysts expect that Automatic Data Processing will report full-year sales of $14.99 billion for the current year, with estimates ranging from $14.92 billion to $15.05 billion. For the next year, analysts expect that the firm will post sales of $15.96 billion, with estimates ranging from $15.88 billion to $16.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Automatic Data Processing.

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

Several analysts have recently commented on ADP shares. Credit Suisse Group reissued a “buy” rating and issued a $185.00 price objective on shares of Automatic Data Processing in a research note on Monday, November 4th. Morgan Stanley upped their price target on Automatic Data Processing from $150.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Wolfe Research lowered Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 31st. BidaskClub cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, ValuEngine upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $179.56.

ADP stock traded up $1.62 during mid-day trading on Tuesday, reaching $169.98. 1,280,569 shares of the company traded hands, compared to its average volume of 1,546,016. 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 firm’s 50 day moving average price is $166.07 and its 200 day moving average price is $164.87. The stock has a market cap of $72.85 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 2.10 and a beta of 0.88. Automatic Data Processing has a fifty-two week low of $121.40 and a fifty-two week high of $174.50.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.79. The ex-dividend date is Thursday, December 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 57.98%.

Automatic Data Processing announced that its Board of Directors has approved a share buyback program on Tuesday, November 12th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 49,392 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $161.70, for a total value of $7,986,686.40. Following the transaction, the chief executive officer now directly owns 132,338 shares in the company, valued at $21,399,054.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carlos A. Rodriguez sold 48,571 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $168.51, for a total transaction of $8,184,699.21. Following the transaction, the chief executive officer now directly owns 144,899 shares of the company’s stock, valued at $24,416,930.49. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC purchased a new stake in Automatic Data Processing during the second quarter valued at about $25,000. Horan Capital Advisors LLC. purchased a new position in shares of Automatic Data Processing in the third quarter worth about $31,000. Virtus ETF Advisers LLC bought a new stake in shares of Automatic Data Processing in the second quarter valued at approximately $41,000. MRA Associates USA LLC bought a new stake in shares of Automatic Data Processing in the second quarter valued at approximately $42,000. Finally, Gradient Investments LLC lifted its stake in shares of Automatic Data Processing by 126.2% during the 3rd quarter. Gradient Investments LLC now owns 276 shares of the business services provider’s stock valued at $45,000 after buying an additional 154 shares in the last quarter. 80.19% of the stock is owned by institutional investors and hedge funds.

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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