Founded in 1949, New Jersey based-Automatic Data Processing Inc. (NASDAQ:ADP) is one of the world’s leading providers of human capital management solutions and integrated computing solutions to vehicle dealers. It serves approximately 637K clients across 125 nations.
The company reports in two business segments – Employer Services and Professional Employer Organization (PEO) Services.
The Employer Services segment includes human resource information, payroll processing, human resources tax and compliance management, and benefit administration products and services.
The Professional Employer Organization (PEO) Services segment provides small and medium-sized businesses with employment administration outsourcing solutions, including payroll, payroll tax filing, HR guidance, 401(k) plan administration, benefits administration, compliance services, health and workers' compensation coverage, and other supplemental benefits for the employees.
Zacks Rank: Currently, ADP has a Zacks Rank #3 (Hold) but that could change following its second-quarter fiscal 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: ADP’s adjusted earnings from continuing operations came in at 99 cents per share, which beat the Zacks Consensus Estimate of 89 cents.
Revenues: Revenues of $3.24 billion beat the Zacks Consensus Estimate of $3.18 billion and grew 8.3% on a year-over-year basis.
Key Stats: Worldwide new business bookings increased 6% in the quarter.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Automatic Data Processing, Inc. Price
Automatic Data Processing, Inc. Price | Automatic Data Processing, Inc. Quote
Check back later for our full write up on this ADP earnings report later!
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Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report
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