Automatic Data Processing (ADP) delivered robust results in the fourth quarter of fiscal 2024, driven by broad-based strengths in employer services with exceptional new business bookings, better-than-expected retention and stable pay-per-control growth. ADP's earnings per share of $2.1 surpassed the consensus mark by 1%. It increased 10.6% on a year-over-year basis. The company's revenues of $4.8 billion surpassed the Zacks Consensus Estimate by a slight margin. The top line gained 6.5% from the year-ago qu ...

For Immediate ReleaseChicago, IL – August 6, 2024 – Today, Zacks Equity Research discusses Automatic Data Processing, Inc. (ADP) , The Brink's Company (BCO) and Barrett Business Services, Inc. (BBSI) .Industry: OutsourcingLink: https://www.zacks.com/commentary/2316257/heres-3-outsourcing-stocks-to-consider-amid-industry-woesThe Zacks Outsourcing industry has experienced significant growth, driven by various economic, technological and business factors. Key drivers include the pursuit of cost savings, access ...

AndreyPopov Automatic Data Processing (NASDAQ:ADP) is a company that fits squarely into Peter Lynch's definition of Stalwarts: companies that grow earnings reliably at 10-12% a year and "are good friends in a crisis". The company has an extraordinary track record of value creation over many decades and I explain below why I think they can continue to grow revenue and earnings over the coming years and maintain pre-eminence within their industry. But I think the market is currently valuing ADP fairly, or per ...

You can see it in the pre-market charts: once the Employment Situation numbers for July hit the tape, three of the four major indices fell like a stone. Only the blue-chip Dow, still -0.74% points at this hour, has remained on the table. The S&P 500 is -1.77%, the Nasdaq -2.44% and the Russell 2000 -4.26% at this hour.Fingers Pointing Fed Chair Powell’s DirectionJust as analysts warned months ahead of time that the Fed needed to start raising interest rates as inflation was clearly hitting the economy, thos ...

Investing in dividend stocks for passive income has long been a desired strategy for income-focused investors. These companies often have decades of experience returning cash to shareholders by distributing a portion of their profits. They can hail from a wide range of sectors including financials, consumer discretionary, and information technology. When analyzing the stocks, investors should prioritize companies with stable cash flows, earnings and a relatively low payout ratio.Additionally, more advanced ...

A woman working with human resources software on a computer. grinvalds Here on Seeking Alpha, I have highlighted time and again that dividend growers and initiators tend to perform well over the long haul. The most recent data from Hartford Funds backs up this claim. A $100 investment in the S&P 500's (SP500) dividend growers and initiators in 1973 would have been valued at more than $14,000 to conclude 2023. That's triple the $4,400 the same investment amount invested in an equal-weighted S&P 500 index w ...

Automatic Data Processing, Inc. (ADP) has reported impressive fourth-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.ADP’s earnings per share of $2.1 beat the consensus estimate by 1% and increased 10.6% from the year-ago quarter. Total revenues of $4.8 billion surpassed the consensus estimate by a slight margin and grew 6.5% from the year-ago quarter.The ADP stock has gained 10.6% over the year-to-date period, outperforming the 9.2% rally of the indust ...

Automatic Data Processing, Inc. (NASDAQ:ADP) Q4 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Matthew Keating - VP, IR Maria Black - President and CEO Don McGuire - CFO Conference Call Participants Bryan Bergin - TD Cowen Dan Dolev - Mizuho James Faucette - Morgan Stanley Ramsey El-Assal - Barclays Samad Samana - Jefferies Mark Marcon - Baird Tien-Tsin Huang - JPMorgan Bryan Keane - Deutsche Bank Scott Wurtzel - Wolfe Research Caroline Latta - Bank of America David Paige - RBC ...

American companies added 122,000 jobs this month, while wage growth continued to slow.That’s according to the latest monthly employment report from ADP, released Wednesday (July 31), showing the number of new private sector jobs is down from 155,000 in June. Wage increases slowed to 4.8%, the slowest pace in three years, while increases for people changing jobs slowed from 7.7% to 7.2% in July.“With wage growth abating, the labor market is playing along with the Federal Reserve’s effort to slow inflation,” ...

Automatic Data Processing (ADP) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $2.07 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.97%. A quarter ago, it was expected that this payroll and human resources company would post earnings of $2.76 per share when it actually produced earnings of $2.88, delivering a surprise of 4.35%.Over t ...