Stock Update (NASDAQ:ADP): California Added 29,200 Private Sector Jobs in February, According to ADP Regional Employment Report(R)

[Marketwired] – The State of California added 29,200 private sector jobs during the month of February, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human Capital … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $39.07B, opened at $85.33. Today’s price range has been between $85.02 and $85.77 per share and has traded between $64.29 and $90.67 over the past year. ADP shares are currently priced at 26.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.91x earnings multiple. And for dividend hunters, the company pays shareholders $2.12 per share annually in dividends, yielding 2.46%. According to a consensus of 19 analysts, the earnings estimate of $1.18 per share would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $3.24 is a $0.35 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.28 Billion. If realized, that would be a 8.25% increase over the year-ago quarter. More 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 2.93% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Stock Update (NASDAQ:ADP): Illinois Added 5,900 Private Sector Jobs in December, According to ADP Regional Employment Report(R) Stock Update (NASDAQ:ADP): New Jersey Added 2,200 Private Sector Jobs in October, According to ADP Regional Employment Report(R) Market Update (NASDAQ:ADP): New Jersey Added 4,200 Private Sector Jobs in August, According to ADP Regional Employment Report(R)