Automatic Data Processing, Inc. (NASDAQ:ADP) Updates On Dividend Release Date


On 2016-08-03, Automatic Data Processing, Inc. (NASDAQ:ADP) confirmed the dividend disbursement of $0.53 a share to shareholders as on record 2016-09-09. The firm will release dividend on 2016-10-01 while ex-dividend date is reported to be 2016-09-07.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Automatic Data Processing, Inc. (NASDAQ:ADP) paid a total of $0.53 per share in dividends. This figure stood at $0.53 a share in the same period a year ago indicating a deviation of -82.8736%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $89.75 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $110 and $70, respectively.

Taking the mathematical rating formula, the price for Automatic Data Processing, Inc. (NASDAQ:ADP) stands at 2.94. Earnings Review Automatic Data Processing, Inc. (NASDAQ:ADP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.77.

Coming to the quarter ending on 2016-06-30, Automatic Data Processing, Inc. (NASDAQ:ADP) recorded EPS of $0.69. The reported numbers came lower than the analysts’ estimates of $0.67, demonstrating a miss of $0.02 as against reported figures.

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