Company Update (NASDAQ:ADP): ADP France National Employment Report: Private Sector Employment in France Decreased by -8,300 Jobs in March 2016

[Marketwired] – Private sector employment in France decreased by -8,300 jobs from February to March according to the March ADP® France National Employment Report. Broadly distributed to the public each month, free of … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $41.45B, began trading this morning at $91.00. Looking at the equity, the company’s one day range is $90.55 to $91.00 with a one year range of $64.29 to $91.00. ADP shares are currently priced at 27.86x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.66x earnings multiple for the same period. The company pays shareholders $2.12 per share annually in dividends, yielding 2.35%. 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 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, Compass Point Initiated ADP at Sell (Apr 15, 2016). Previously, Stifel downgraded ADP from Buy to Hold. Investors should keep in mind is that the average price target is $86.85, which is 4.56% below where the stock 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 Increased by 12,500 Jobs in January 2016 Stock Update (NASDAQ:ADP): ADP France National Employment Report: Private Sector Employment in France Increased by 3,000 Jobs in December 2015 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