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

Automatic Data Processing (NASDAQ:ADP) released its quarterly earnings data on Wednesday. The business services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $2.06 by $0.03, Briefing.com reports. Automatic Data Processing had a return on equity of 89.20% and a net margin of 19.54%. The company had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same period last year, the firm posted $1.89 earnings per share. Automatic Data Processing’s revenue was up 7.2% compared to the same quarter last year. 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 Trading Up 0.8 %

ADP traded up $2.22 during trading hours on Friday, reaching $263.52. 2,310,606 shares of the company’s stock traded hands, compared to its average volume of 1,644,141. Automatic Data Processing has a 52-week low of $205.53 and a 52-week high of $269.49. The firm has a market capitalization of $107.86 billion, a PE ratio of 29.41, a PEG ratio of 2.72 and a beta of 0.78. The firm has a 50-day moving average price of $245.11 and a 200 day moving average price of $245.77. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

ADP has been the topic of several research reports. TD Cowen dropped their target price on Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their target price on 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. Bank of America raised their price objective on Automatic Data Processing from $250.00 to $267.00 and gave the stock a “neutral” rating in a research note on Thursday. Jefferies Financial Group raised their price objective on Automatic Data Processing from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus raised their price objective on Automatic Data Processing from $271.00 to $287.00 and gave the stock a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. 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.