On Thursday, Shares of Automatic Data Processing (NASDAQ: ADP) declined -3.02% to $126.21. The stock traded total volume of 3,814,069 shares higher than the average volume of 2.45M shares.
Automatic Data Processing Inc. (ADP) stated fiscal first-quarter profit of $505.40M. On a per-share basis, the Roseland, New Jersey-based company said it had net income of $1.15. Earnings, adjusted for non-recurring costs, were $1.20 per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The payroll and human resources company posted revenue of $3.32B in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $3.28B.
ADP has the market capitalization of $56.80B and its EPS growth ratio for the past five years was 9.70%. The return on assets ratio of the Company was 4.20% while its return on investment ratio stands at 24.40%. Price to sales ratio was 4.19 while 79.80% of the stock was owned by institutional investors.