Media coverage about ADP (NASDAQ:ADP) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ADP earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.2915785435296 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
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Investing In Airports: A World Of Opportunities (seekingalpha.com) ADP (ADP) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com) Fayose treating Ekiti people as destitute ADP governorship flag bearer, Adewale (dailypost.ng) ADP introduces new payments solution (verdict.co.uk) Canada ADP employment report +30.2K vs +59.3K prior (forexlive.com)
A number of brokerages have recently issued reports on ADP. Zacks Investment Research cut shares of ADP from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets upped their target price on shares of ADP from $118.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, May 3rd. BidaskClub raised shares of ADP from a “buy” rating to a “strong-buy” rating in a report on Friday, May 4th. Stifel Nicolaus dropped their target price on shares of ADP from $133.00 to $126.00 and set a “hold” rating on the stock in a report on Wednesday, April 4th. Finally, Barclays upped their target price on shares of ADP from $121.00 to $128.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. ADP has a consensus rating of “Hold” and a consensus price target of $123.00.
ADP traded up $0.92, reaching $128.91, on Friday, according to Marketbeat Ratings. The company had a trading volume of 1,858,875 shares, compared to its average volume of 2,327,081. ADP has a fifty-two week low of $97.89 and a fifty-two week high of $129.51. The firm has a market cap of $56.40 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05.
ADP (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. ADP had a net margin of 13.60% and a return on equity of 45.69%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business earned $1.31 EPS. ADP’s quarterly revenue was up 8.3% on a year-over-year basis. equities analysts forecast that ADP will post 4.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 8th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $2.76 dividend on an annualized basis and a yield of 2.14%. This is a positive change from ADP’s previous quarterly dividend of $0.63. ADP’s dividend payout ratio is 68.11%.
ADP Company Profile
Automatic Data Processing, Inc provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions.