Equities Analysts Offer Predictions for Automatic Data Processing, Inc.’s FY2022 Earnings (NASDAQ:ADP)

Automatic Data Processing, Inc. (NASDAQ:ADPGet Rating) – Analysts at Jefferies Financial Group increased their FY2022 EPS estimates for shares of Automatic Data Processing in a report released on Wednesday, April 27th. Jefferies Financial Group analyst S. Samana now expects that the business services provider will post earnings of $6.98 per share for the year, up from their prior estimate of $6.80. Jefferies Financial Group also issued estimates for Automatic Data Processing’s Q4 2022 earnings at $1.47 EPS, Q3 2023 earnings at $2.43 EPS, Q4 2023 earnings at $1.63 EPS, FY2023 earnings at $7.70 EPS and FY2024 earnings at $8.58 EPS.

Automatic Data Processing (NASDAQ:ADPGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.13. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Automatic Data Processing had a net margin of 17.48% and a return on equity of 50.01%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS.

A number of other analysts have also commented on ADP. Stifel Nicolaus reiterated a “hold” rating and set a $238.00 price target (up from $222.00) on shares of Automatic Data Processing in a report on Friday, March 11th. 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. Cowen decreased their target price on Automatic Data Processing from $235.00 to $213.00 in a research report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft upped their price target on Automatic Data Processing from $203.00 to $234.00 in a research report on Thursday. Finally, Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and set a $223.00 price objective for the company in a report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $229.00.

ADP stock opened at $229.68 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The firm has a market cap of $96.48 billion, a PE ratio of 35.55, a P/E/G ratio of 2.81 and a beta of 0.84. The business has a 50 day moving average of $218.90 and a 200-day moving average of $222.79. Automatic Data Processing has a 12-month low of $184.85 and a 12-month high of $248.96.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 10th will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, June 9th. This represents a $4.16 annualized dividend and a yield of 1.81%. Automatic Data Processing’s dividend payout ratio is currently 64.40%.

In other news, VP James T. Sperduto sold 1,671 shares of the stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $210.47, for a total value of $351,695.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the vice president now owns 26,663 shares of the company’s stock, valued at $6,253,806.65. The disclosure for this sale can be found here. Insiders have sold a total of 4,787 shares of company stock worth $1,073,466 in the last ninety days. 0.34% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ADP. Capital Asset Advisory Services LLC increased its position in shares of Automatic Data Processing by 30.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 2,169 shares of the business services provider’s stock valued at $496,000 after purchasing an additional 500 shares during the last quarter. Annapolis Financial Services LLC grew its position in Automatic Data Processing by 12.2% during the first quarter. Annapolis Financial Services LLC now owns 920 shares of the business services provider’s stock valued at $209,000 after acquiring an additional 100 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of Automatic Data Processing by 33.8% during the first quarter. Financial Counselors Inc. now owns 10,401 shares of the business services provider’s stock worth $2,367,000 after acquiring an additional 2,626 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of Automatic Data Processing by 8.6% in the 1st quarter. Harfst & Associates Inc. now owns 8,193 shares of the business services provider’s stock worth $1,864,000 after acquiring an additional 650 shares during the last quarter. Finally, Abundance Wealth Counselors purchased a new stake in shares of Automatic Data Processing in the 1st quarter valued at $281,000. 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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