Stock Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP(R) Workforce Vitality Report Q1 2016 Shows Accelerated Growth in Wages

[Marketwired] – According to the ADP Workforce Vitality Report, the labor market maintained its improvement in the first quarter of 2016 with discernible acceleration in wage growth. This acceleration was evident in almost … Read more on this. Automatic Data Processing, Inc. (ADP) , currently valued at $41.48B, began trading this morning at $90.68. Today, shares have traded between $90.37 and $90.79 per share with a trailing 52-week range being $64.29 to $91.00. Priced at 27.86x this year’s forecasted earnings, ADP shares are relatively expensive compared to the industry’s 14.66x forward p/e ratio. And for passive income investors, 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 better 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. More recently, Compass Point Initiated ADP at Sell (Apr 15, 2016). Previously, Stifel downgraded ADP from Buy to Hold. Investors should keep in mind is that the average price target is $86.85, which is 4.22% below where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – ADP to Announce Third Quarter Fiscal 2016 Financial Results on April 28, 2016 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: Automatic Data Processing Inc (NASDAQ:ADP) – ADP(R) Workforce Vitality Report Shows Accelerated Wage Growth in Q3 2015