Company Update (NASDAQ:ADP): Illinois Added 9,300 Private Sector Jobs in March, According to ADP Regional Employment Report(R)

[Marketwired] – The State of Illinois added 9,300 private sector jobs during the month of March, according to the ADP Regional Employment Report which is produced by ADP®, a leading global provider of Human Capital Management … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $41.05B, started the session at $89.69. Looking at the equity, the company’s one day range is $89.34 to $90.05 with its 52-week range being $64.29 to $90.69. ADP (ADP) shares are currently priced at 27.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.10x earnings multiple for the same period. The company pays shareholders $2.12 per share annually in dividends, yielding 2.35%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.18 per share, which would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.24, which would be a $0.35 improvement when compared to the last 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. In terms of ratings, Stifel downgraded ADP from Buy to Hold (Dec 5, 2014). Previously, Topeka Capital Markets Initiated ADP at to Sell. The average price target for ADP shares is $86.46, which is 3.60% below where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Stock Update (NASDAQ:ADP): California Added 29,200 Private Sector Jobs in February, According to ADP Regional Employment Report(R) Stock Update (NASDAQ:ADP): Illinois Added 5,900 Private Sector Jobs in December, According to ADP Regional Employment Report(R) Stock Update (NASDAQ:ADP): New Jersey Added 2,200 Private Sector Jobs in October, According to ADP Regional Employment Report(R)