Company Update (NASDAQ:ADP): ADP France National Employment Report: Private Sector Employment in France Increased by 13,200 Jobs in May 2016

[Marketwired] – Private sector employment in France increased by 13,200 jobs from April to May according to the April ADP® France National Employment Report. Broadly distributed to the public each month, free of charge, … Read more on this. Automatic Data Processing, Inc. (ADP) , with a current value of $40.55B, opened at $89.30. Looking at the stock, its one day range is $88.95 to $89.33 with a one year range of $64.29 to $91.00. ADP shares are currently priced at 27.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 23.10x forward p/e ratio. The company pays shareholders $2.12 per share annually in dividends, yielding 2.42%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $0.67 per share, which would be $0.12 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is 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 $2.93 Billion. If realized, that would be a 8.92% increase over the year-ago quarter. In terms of ratings, Compass Point Initiated ADP at Sell (Apr 15, 2016). Previously, Stifel downgraded ADP from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $89.79, which is 0.55% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Company Update (NASDAQ:ADP): ADP France National Employment Report: Private Sector Employment in France Decreased by -8,300 Jobs in March 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 Stock Update (NASDAQ:ADP): ADP France National Employment Report: Private Sector Employment in France Increased by 3,000 Jobs in December 2015