Automatic Data Processing (NASDAQ:ADP) Releases FY22 Earnings Guidance

Automatic Data Processing (NASDAQ:ADPGet Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.92-7.04 for the period, compared to the Thomson Reuters consensus estimate of $6.82. The company issued revenue guidance of ~$16.36-16.51 billion, compared to the consensus revenue estimate of $16.29 billion.

Several research firms have commented on ADP. Morgan Stanley cut their target price on Automatic Data Processing from $235.00 to $225.00 and set an equal weight rating on the stock in a research note on Thursday, January 27th. Cowen cut their target price on Automatic Data Processing from $235.00 to $213.00 in a research note on Thursday, January 27th. StockNews.com started coverage on Automatic Data Processing in a research note on Thursday, March 31st. They issued a hold rating on the stock. Mizuho dropped their price objective on Automatic Data Processing from $245.00 to $235.00 and set a buy rating on the stock in a research note on Monday, February 14th. Finally, Stifel Nicolaus reiterated a hold rating and set a $238.00 price objective (up previously from $222.00) on shares of Automatic Data Processing in a research note on Friday, March 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of Hold and an average price target of $229.00.

Shares of NASDAQ ADP opened at $218.18 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.04. The stock’s fifty day moving average price is $219.25 and its two-hundred day moving average price is $222.89. Automatic Data Processing has a one year low of $184.85 and a one year high of $248.96. The firm has a market cap of $91.65 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 2.78 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADPGet Rating) last released its earnings results on Wednesday, April 27th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.13. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. Automatic Data Processing had a return on equity of 56.01% and a net margin of 17.77%. Automatic Data Processing’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. On average, equities analysts anticipate that Automatic Data Processing will post 6.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, June 9th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.45%.

In related news, VP Deborah L. Dyson sold 2,787 shares of the company’s stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $234.55, for a total transaction of $653,690.85. Following the completion of the sale, the vice president now directly owns 26,663 shares in the company, valued at approximately $6,253,806.65. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher D’ambrosio sold 329 shares of the company’s stock in a transaction on Monday, February 7th. The stock was sold at an average price of $206.93, for a total value of $68,079.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,787 shares of company stock worth $1,073,466. 0.34% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC raised its position in shares of Automatic Data Processing by 1.6% during the fourth quarter. EP Wealth Advisors LLC now owns 4,721 shares of the business services provider’s stock worth $1,164,000 after acquiring an additional 75 shares during the last quarter. V Wealth Advisors LLC bought a new position in shares of Automatic Data Processing during the fourth quarter worth about $200,000. Jaffetilchin Investment Partners LLC raised its position in shares of Automatic Data Processing by 9.4% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 1,194 shares of the business services provider’s stock worth $294,000 after acquiring an additional 103 shares during the last quarter. First Community Trust NA acquired a new stake in Automatic Data Processing during the fourth quarter worth approximately $54,000. Finally, Zullo Investment Group Inc. acquired a new stake in Automatic Data Processing during the fourth quarter worth approximately $396,000. Hedge funds and other institutional investors own 78.71% of the company’s stock.

About Automatic Data Processing (Get Rating)

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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

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