Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP to Announce Third Quarter Fiscal 2016 Financial Results on April 28, 2016

[GlobeNewswire] – ROSELAND, N.J., March 16, 2016– ADP ®, a leading global provider of Human Capital Management solutions, is scheduled to release its financial results for the third fiscal quarter ending March 31, 2016 … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $39.74B, started trading this morning at $86.55. Looking at the stock, its one day range is $86.75 to $87.28 and has traded between $64.29 and $90.67 over the past 12 months. ADP shares are currently priced at 26.30x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.28x forward p/e ratio. The company pays shareholders $2.12 per share in dividend income per year, for a current yield of 2.43%. 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 predicated on a consensus revenue forecast of $3.28 Billion. If reported, that would be a 8.25% increase over the year-ago quarter. 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 1.48% above than it opened this morning. See more in (NASDAQ:ADP) Similar Articles: Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP TotalSource Wins 2016 BIG Innovation Award for Helping Companies Stay Compliant With the Affordable Care Act 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 Company Update (NASDAQ:ADP): ADP to Announce First Quarter Fiscal 2016 Financial Results on October 28, 2015