Automatic Data Processing (NASDAQ:ADP) Releases Earnings Results, Beats Expectations By $0.03 EPS

Automatic Data Processing (NASDAQ:ADP) announced its quarterly earnings results on Wednesday. The business services provider reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03, Briefing.com reports. The business had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.74 billion. Automatic Data Processing had a net margin of 19.54% and a return on equity of 89.20%. Automatic Data Processing’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.89 EPS. Automatic Data Processing updated its FY25 guidance to $9.91-$10.10 EPS and its FY 2025 guidance to 9.910-10.100 EPS.

Automatic Data Processing Stock Up 0.8 %

Shares of NASDAQ:ADP traded up $2.22 during midday trading on Friday, hitting $263.52. The stock had a trading volume of 2,310,606 shares, compared to its average volume of 1,644,141. Automatic Data Processing has a 12 month low of $205.53 and a 12 month high of $269.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $245.11 and its 200-day simple moving average is $245.77. The company has a market cap of $107.86 billion, a P/E ratio of 29.41, a PEG ratio of 2.72 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Automatic Data Processing from $280.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. cut their price target on shares of Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group raised their target price on shares of Automatic Data Processing from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Bank of America raised their target price on shares of Automatic Data Processing from $250.00 to $267.00 and gave the stock a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $259.64.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.