Market Update (NASDAQ:ADP): ADP Regional Employment Report: April Job Growth in the West and Midwest Comparable to March

[Marketwired] – Private sector employment increased in all four major regions and all nine U.S. Census Bureau Divisions during the month of April 2016, according to the monthly ADP Regional Employment Report®, which is … Read more on this. Automatic Data Processing, Inc. (ADP) , valued at $39.75B, began trading this morning at $88.19. A quick look at the market, the company’s stock traded between $87.11 and $88.49 with the price of the stock fluctuating between $64.29 to $91.00 over the last 52 weeks. ADP shares are currently priced at 26.68x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.59x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.12 per share annually in dividends, yielding 2.44%. According to a consensus of 17 analysts, the earnings estimate of $0.67 per share would be $0.12 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $3.24 which would be a $0.35 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.94 Billion. If realized, that would be a 9.29% increase over the year-ago quarter. Recently, Compass Point Initiated ADP at Sell (Apr 15, 2016). Previously, Stifel downgraded ADP from Buy to Hold. Investors should keep in mind is that the average price target is $90.92, which is 3.10% above where the stock opened this morning. See more in (NASDAQ:ADP) Similar Articles: Company Update (NASDAQ:ADP): ADP France National Employment Report: Private Sector Employment in France Decreased by -8,300 Jobs in March 2016 Company Update (NASDAQ:ADP): Illinois Added 9,300 Private Sector Jobs in March, According to ADP Regional Employment Report(R) Market Update: Automatic Data Processing Inc (NASDAQ:ADP) – New Jersey Added 2,800 Private Sector Jobs in January, According to ADP Regional Employment Report(R)