AUTOMATIC DATA PROCESSING, INC.

(ADP)
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Delayed Nasdaq  -  05/19 04:00:01 pm EDT
206.85 USD   -0.79%
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ADP Raises Fiscal Year 2022 Guidance

01/26/2022 | 07:43am EDT

By Will Feuer


Automatic Data Processing Inc. raised its guidance for the fiscal year 2022, saying it now expects full-year revenue to grow 8% to 9% and adjusted earnings to grow by 12% to 14%.

The company had previously forecast revenue growth of between 7% and 8% and adjusted earnings of 11% to 13%.

It expects revenue from its employer services segment to grow by about 6%, while revenue from its PEO services segment is seen growing between 13% and 15%, the company said.

The guidance is based on an adjusted effective tax rate of about 22.5%.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

01-26-22 0743ET

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Financials (USD)
Sales 2022 16 423 M - -
Net income 2022 2 942 M - -
Net Debt 2022 726 M - -
P/E ratio 2022 29,8x
Yield 2022 1,91%
Capitalization 87 100 M 87 100 M -
EV / Sales 2022 5,35x
EV / Sales 2023 4,92x
Nbr of Employees 56 000
Free-Float 65,2%
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 208,50 $
Average target price 232,47 $
Spread / Average Target 11,5%
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Managers and Directors
Carlos A. Rodriguez Chief Executive Officer & Director
Maria Black President
Don McGuire Chief Financial Officer & Vice President
John P. Jones Non-Executive Chairman
Donald Weinstein Vice President-Global Product & Technology
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