In the latest session, Automatic Data Processing Inc. (NASDAQ: ADP) closed at $243.76 down -0.10% from its previous closing price of $244.00. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 2163041 shares were traded.
Ratios:
For a deeper understanding of Automatic Data Processing Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 60.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.75. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on January 17, 2024, Upgraded its rating to Neutral and sets its target price to $243 from $217 previously.
On November 07, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $235.UBS initiated its Neutral rating on November 07, 2023, with a $235 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 04 ’24 when KUTAM SREENIVASA sold 368 shares for $247.01 per share. The transaction valued at 90,900 led to the insider holds 20,319 shares of the business.
Albinson Brock sold 1,170 shares of ADP for $291,833 on Mar 01 ’24. The Corp. VP now owns 4,025 shares after completing the transaction at $249.43 per share. On Mar 01 ’24, another insider, KUTAM SREENIVASA, who serves as the Corp VP of the company, sold 694 shares for $249.43 each. As a result, the insider received 173,104 and left with 20,687 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADP now has a Market Capitalization of 100.13B and an Enterprise Value of 101.81B. As of this moment, Automatic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.37, and their Forward P/E ratio for the next fiscal year is 24.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.39 while its Price-to-Book (P/B) ratio in mrq is 23.18. Its current Enterprise Value per Revenue stands at 5.76 whereas that against EBITDA is 18.49.
Stock Price History:
Over the past 52 weeks, ADP has reached a high of $256.84, while it has fallen to a 52-week low of $201.46. The 50-Day Moving Average of the stock is 242.56, while the 200-Day Moving Average is calculated to be 236.30.
Shares Statistics:
For the past three months, ADP has traded an average of 1.75M shares per day and 1.9M over the past ten days. A total of 412.10M shares are outstanding, with a floating share count of 408.68M. Insiders hold about 0.51% of the company’s shares, while institutions hold 82.80% stake in the company. Shares short for ADP as of Feb 15, 2024 were 4.71M with a Short Ratio of 2.69, compared to 3.7M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.15% and a Short% of Float of 1.15%.
Dividends & Splits
According to the company, the forward annual dividend rate for ADP is 5.15, from 5.15 in the trailing year. Against a Trailing Annual Dividend Yield of 2.11%, it implies a Forward Annual Dividend Yield of 2.30%. The stock’s 5-year Average Dividend Yield is 1.98. The current Payout Ratio is 58.36% for ADP, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Oct 01, 2014 when the company split stock in a 1139:1000 ratio.
Earnings Estimates
There are 17 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.79 for the current quarter, with a high estimate of $2.92 and a low estimate of $2.68, while EPS last year was $2.52. The consensus estimate for the next quarter is $2.12, with high estimates of $2.2 and low estimates of $1.92.
Analysts are recommending an EPS of between $9.21 and $9.05 for the fiscal current year, implying an average EPS of $9.13. EPS for the following year is $10, with 20 analysts recommending between $10.16 and $9.8.
Revenue Estimates
A total of 18 analysts have provided revenue estimates for ADP’s current fiscal year. The highest revenue estimate was $19.2B, while the lowest revenue estimate was $19.04B, resulting in an average revenue estimate of $19.15B. In the same quarter a year ago, actual revenue was $18.01B, up 6.30% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $20.27B in the next fiscal year. The high estimate is $20.58B and the low estimate is $19.98B. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.
