Automatic Data Processing (ADP) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Automatic Data Processing (ADP) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $1.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.18. The company posted revenue of $3248.60 million in the period, compared to analysts expectations of $3272.98 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Automatic Data Processing. Compass Point Initiated Automatic Data Processing on Apr 15, 2016 to “Sell”, Price Target of the shares are set at $76.Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 87 from a previous price target of $88 .

Automatic Data Processing opened for trading at $89.73 and hit $90.45 on the upside on Wednesday, eventually ending the session at $90.12, with a gain of 0.37% or 0.33 points. The heightened volatility saw the trading volume jump to 24,06,460 shares. Company has a market cap of $41,225 M.

In a different news, on Apr 4, 2016, Jan Siegmund (Corporate Vice President) sold 13,651 shares at $90.00 per share price. According to the SEC, on Mar 14, 2016, John P Iii Jones (director) sold 6,242 shares at $87.46 per share price. On Mar 11, 2016, Carlos A Rodriguez (President & CEO) sold 100,110 shares at $85.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Automatic Data Processing Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services benefits administration recruiting and talent management human resources management insurance services retirement services and payment and compliance solutions. The Company’s PEO business ADP TotalSource offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions including HR administration employee benefits and employer liability management into a single-source solution including HR administration employee benefits and employer liability management.

Automatic Data Processing

Leave a Reply

Automatic Data Processing - Is it time to Sell?

Top Brokerage Firms are advising their investors on Automatic Data Processing. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.