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May's Top Dividend Moves: The 3 Best Income Stocks to Buy Now
InvestorPlace· 2024-05-10 10:38
As May 2024 kicks off, investors are keen on bolstering their portfolios with the best dividend stocks to buy now. These stocks represent companies that regularly distribute a portion of their profits to shareholders. The appeal lies in the ability to receive passive income in the form of cash payments on top of potential share price appreciation. While the allure of finding the following big growth stock is strong, dividend stocks provide investors with an unmatched sense of stability. As you hunt for the ...
EXLS or ADP: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-05-07 16:41
Investors interested in Outsourcing stocks are likely familiar with ExlService Holdings (EXLS) and Automatic Data Processing (ADP) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings es ...
ADP (ADP) Upgraded to Buy: What Does It Mean for the Stock?
Zacks Investment Research· 2024-05-02 17:01
Investors might want to bet on Automatic Data Processing (ADP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Sinc ...
ADP(ADP) - 2024 Q3 - Quarterly Report
2024-05-02 16:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-Q ______________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 1-5397 __________________________ AUTOMATIC DATA PROCESSING, INC. (Exact name of registrant as specified in its c ...
Automatic Data Processing (ADP) Q3 Earnings Beat Estimates
Zacks Investment Research· 2024-05-01 17:16
Automatic Data Processing, Inc. (ADP) has reported impressive third-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.ADP’s earnings per share of $2.9 beat the consensus estimate by 4.4% and increased 14.3% from the year-ago quarter. Total revenues of $5.3 billion beat the consensus estimate by a slight margin and grew 6.6% from the year-ago quarter on a reported basis and 6% on an organic constant-currency basis.The company’s stock has gained 10.7% over ...
Private Payrolls in April Exceed Expectations
Zacks Investment Research· 2024-05-01 15:56
Jobs Week kicks off in earnest this morning. Private-sector payrolls for April from Automated Data Processing (ADP) came in slightly higher than expected — +192K, from +183K consensus estimate — though down from the upwardly revised +208K the previous month, which was the hottest read since July of last year. Off lows of late ’23 and early ’24, private-sector jobs growth looks to be warming up again; the three-month average is now higher than the previous six months.Importantly, wage growth looks to have si ...
ADP(ADP) - 2024 Q3 - Earnings Call Transcript
2024-05-01 15:30
Automatic Data Processing, Inc. (NASDAQ:ADP) Q3 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Danny Hussain - VP, IR Maria Black - President and CEO Don McGuire - CFO Conference Call Participants Owen Callahan - Barclays Zack Ajzenman - TD Cowen Mark Marcon - Baird Scott Wurtzel - Wolfe Research Tien-Tsin Huang - JPMorgan Pete Christiansen - Citi David Paige - the RBC Capital Markets Kartik Mehta - Northcoast Research Dan Dolev - Mizuho Operator Good morning, my name is Michelle, ...
ADP Reports Still-Strong Labor Market; MA, EL Beat
Zacks Investment Research· 2024-05-01 15:20
Wednesday, May 1st, 2024Jobs Week kicks off in earnest this morning. Private-sector payrolls for April from Automated Data Processing (ADP) came in slightly higher than expected — +192K, from +183K consensus estimate — though down from the upwardly revised +208K the previous month, which was the hottest read since July of last year. Off lows of late ’23 and early ’24, private-sector jobs growth looks to be warming up again; the three-month average is now higher than the previous six months.Importantly, wage ...
Compared to Estimates, ADP (ADP) Q3 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-01 14:35
Automatic Data Processing (ADP) reported $5.25 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.6%. EPS of $2.88 for the same period compares to $2.52 a year ago.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $5.22 billion. With the consensus EPS estimate being $2.76, the EPS surprise was +4.35%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...
Automatic Data Processing (ADP) Q3 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-05-01 13:05
Automatic Data Processing (ADP) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this payroll and human resources company would post earnings of $2.10 per share when it actually produced earnings of $2.13, delivering a surprise of 1.43%.Over t ...