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TD Cowen Reviews ADP as Segment Performance Diverges [Yahoo! Finance]

Automatic Data Processing, Inc. (ADP)  More Company Research Source: Yahoo! Finance
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
TD Cowen trimmed its price objective on Automatic Data Processing, Inc. (NASDAQ:ADP) on January 29 to $255 from $263. The firm also kept a Hold rating on the stock, noting ADP continues to perform well in its Employer Services business, but softer results in the PEO segment are raising some caution. TD Cowen added that broader pressures across the sector are still weighing on the outlook. That cautious stance comes even after a better-than-expected quarter. A day earlier, on January 28, ADP raised its full-year revenue forecast and beat profit estimates, supported by steady demand for payroll and HR services. Second-quarter revenue came in at $5.36 billion, slightly ahead of the $5.34 billion analysts were expecting, based on data from LSEG. Adjusted earnings were $2.62 per share, topping the consensus estimate of $2.57. Following the results, ADP said it now expects revenue to grow about 6% for the year, which sits at the upper end of its previous guidance range. The company's U [Read more]
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TD Cowen Reviews ADP as Segment Performance Diverges [Yahoo! Finance]

Automatic Data Processing, Inc.  (ADP) 
More Company Research Source: Yahoo! Finance
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
TD Cowen trimmed its price objective on Automatic Data Processing, Inc. (NASDAQ:ADP) on January 29 to $255 from $263. The firm also kept a Hold rating on the stock, noting ADP continues to perform well in its Employer Services business, but softer results in the PEO segment are raising some caution. TD Cowen added that broader pressures across the sector are still weighing on the outlook. That cautious stance comes even after a better-than-expected quarter. A day earlier, on January 28, ADP raised its full-year revenue forecast and beat profit estimates, supported by steady demand for payroll and HR services. Second-quarter revenue came in at $5.36 billion, slightly ahead of the $5.34 billion analysts were expecting, based on data from LSEG. Adjusted earnings were $2.62 per share, topping the consensus estimate of $2.57. Following the results, ADP said it now expects revenue to grow about 6% for the year, which sits at the upper end of its previous guidance range. The company's U [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ADP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS