Earnings Alert: Automatic Data Processing (NASDAQ: ADP)

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.

Bobbie Collins

Bobbie Collins gives us an insight into the most recent news hitting the Technology Sector in Wall Street. He has been an independent financial adviser for over 10 years in the city and in recent years turned his experience in finance and passion for journalism into a full time role. He performs analysis of Companies and publicizes valuable information for shareholder community. Collins is an accomplished journalist who has a passion for travel. His desire to see the world has taken him to countries around the world and given him the opportunity to report for some of the top news organizations.

Leave a Reply

Your email address will not be published. Required fields are marked *