Automatic Data Processing (NASDAQ:ADP) is set to issue its Q314 quarterly earnings data on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $3.34 billion for the quarter.
Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect Automatic Data Processing to post $3.17 EPS for the current fiscal year and $3.50 EPS for the next fiscal year.
Automatic Data Processing (NASDAQ:ADP) opened at 75.68 on Tuesday. Automatic Data Processing has a one year low of $66.60 and a one year high of $83.82. The stock has a 50-day moving average of $76.63 and a 200-day moving average of $77.26. The company has a market cap of $36.465 billion and a P/E ratio of 25.92.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, June 11th.
On the ratings front, analysts at Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $82.00 to $88.00 in a research note on Monday, March 10th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $76.14.
Automatic Data Processing, Inc (NASDAQ:ADP) is a provider of business outsourcing solutions.
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