Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – Media Alert: ADP Webinar to Dispel the Top Five Wage Garnishment Myths

[Marketwired] – ADP® will host a webinar on March 10 in conjunction with HR.com to discuss the five most common wage garnishment myths, examining how electronic processes can help businesses more easily manage garnishments … Read more on this. Automatic Data Processing, Inc. (ADP) , currently valued at $38.97B, opened at $84.85. Looking at today’s market, ADP one day range is $84.84 to $85.54 with a one year range of $64.29 to $90.67. ADP shares are currently priced at 26.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.07x earnings multiple. And for income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 2.47%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.18 per share, which would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $3.24, which would be a $0.35 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.28 Billion. If reported, that would be a 8.25% 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. With the above information in mind, readers should note that the average price target is $87.83, which is 3.51% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Stock Update (NASDAQ:ADP): MEDIA ALERT: November 12 ADP(R) Webinar: Essential Trends and Best Practices in Employer Year-End Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP(R) Workforce Vitality Report Shows Accelerated Wage Growth in Q3 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)