Automatic Data Processing Inc (NASDAQ: ADP) has reported E.P.S. of $2.89 for its third fiscal quarter (ending March 31) versus $2.52 for the same period a year ago — an increase of 15%. However, this result fell short of the consensus estimate of $3.01 by $-0.12. E.P.S. were $8.99 for the latest four quarters through March 31 versus $7.86 for the same period a year ago — an increase of 14%.
Recent Price Action
On 5/1/24, Automatic Data Processing Inc (NASDAQ: ADP) stock enjoyed a large increase of 2.2%, closing at $247.33. Moreover, above average trading volume at 149% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ADP is expected to continue to be a major Value Builder.
Automatic Data Processing has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Automatic Data Processing has a neutral Power Rating of 47 but a poor Appreciation Score of 15, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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