ADP Reports First Quarter Fiscal 2022 Results
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ADP (ADP) PT Raised to $243 at Stifel
October 27, 2021 3:44 PM EDTStifel analyst David M. Grossman raised the price target on ADP (NASDAQ: ADP) to $243.00 (from $228.00) while maintaining a Buy rating.
The analyst commented, "F1Q beat and FY22 (Jun) guidance was increased by the outperformance relative to ADP's internal plan. Labor markets remain... More
ADP (ADP) Tops Q1 EPS by 16c
October 27, 2021 7:05 AM EDTADP (NASDAQ: ADP) reported Q1 EPS of $1.65, $0.16 better than the analyst estimate of $1.49. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.75 billion.
Fiscal 2021 pre-tax charges of $3 million related to transformation initiatives and pre-tax gains of approximately $31 million related to legal settlements Fiscal 2022 expected pre-tax charges of approximately $10 million related to transformation initiatives Consolidated Fiscal 2022 Outlook Revenue growth... More