Company Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 86,000 Jobs in March

[Marketwired] – Private sector small business employment increased by 86,000 jobs from February to March according to the March ADP Small Business Report®. Due to the important contribution that small businesses make … Read more on this. Automatic Data Processing, Inc. (ADP) , currently valued at $40.96B, started trading this morning at $89.71. Looking at today’s trading action, the company’s one day range from $89.22 to $89.75 with a trailing 52-week range being $64.29 to $90.67. ADP shares are currently priced at 27.60x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.16x forward p/e ratio. And for passive income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 2.39%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.18 per share, which would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.24 would be a $0.35 improvement when compared to the previous year’s annual results. 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. In terms of ratings, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. The average price target for ADP shares by the analysts covering it is $86.46, which is 3.62% below where the stock opened. 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 Increased by 12,500 Jobs in January 2016 Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 95,000 Jobs in December 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)
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