Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – Sharp Electronics Corporation Uses ADP to Improve Benefits Enrollment, Automate Time Reporting, and Speed Employment Verification for 1,800 Employees

[Marketwired] – Sharp Electronics Corporation is a company known worldwide for improving people’s lives through the use of advanced technology and a commitment to innovation, quality, and value. Choosing ADP for these solutions was an easy decision for Sharp, which has been an ADP client for more than 35 years. In the course of implementing these new solutions, it was the transformation of the benefits open enrollment process that got rave reviews from employees. Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $36.65B, opened this morning at $79.64. Looking at today’s trading action, the company’s one day range from $78.96 to $80.35 and has traded between $64.29 and $90.67 over the past year. Priced at 25.00x this year’s forecasted earnings, ADP shares are relatively expensive compared to the industry’s 24.64x forward p/e ratio. And for passive income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 2.58%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.72 per share, which would be $0.02 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.25 is a $0.36 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.81 Billion. If reported, that would be a 5.64% increase over the year-ago quarter. Recently, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. Given all the information above, we should disclose to readers that the average price target is $88.46, which is 11.07% above than it opened this morning. See more in (NASDAQ:ADP) Similar Articles: Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP France National Employment Report: Private Sector Employment in France Decreased by 4,600 Jobs in November 2015 Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – New Jersey Added 1,600 Private Sector Jobs in September, According to ADP Regional Employment Report(R) Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – Florida Added 13,700 Private Sector Jobs in July, According to ADP Regional Employment Report(R)