Skip to main content

Company Update (NASDAQ:ADP): ADP Small Business Report: Small Business Employment Increased by 76,000 Jobs in February

[Marketwired] – Private sector small business employment increased by 76,000 jobs from January to February according to the February ADP Small Business Report®. Due to the important contribution that small businesses … Read more on this. Automatic Data Processing, Inc. (ADP) , with a current market cap of $39.14B, opened at $86.36. Today, shares have traded between $85.38 and $86.60 per share with the price of the stock fluctuating between $64.29 to $90.67 over the last 52 weeks. ADP shares are currently priced at 26.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.07x forward p/e ratio. The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 2.47%. According to a consensus of 19 analysts, the earnings estimate of $1.18 per share would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $3.24 is a $0.35 better 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, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. Given all the information above, we should disclose to readers that the average price target is $87.83, which is 1.70% above than it opened this morning. See more in (NASDAQ:ADP) Similar Articles: Company Update (NASDAQ:ADP): ADP Small Business Report: Small Business Employment Increased by 79,000 Jobs in January Stock Update (NASDAQ:ADP): ADP France National Employment Report: Private Sector Employment in France Increased by 3,000 Jobs in December 2015 Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP Small Business Report: Small Business Employment Increased by 95,000 Jobs in December
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.