Automatic Data Processing (ADP) EPS Estimated At $0.85; Corning (GLW) Has 0.92 Sentiment

October 22, 2017 - By Migdalia James

Analysts expect Automatic Data Processing (NASDAQ:ADP) to report $0.85 EPS on November, 1.They anticipate $0.01 EPS change or 1.16% from last quarter’s $0.86 EPS. ADP’s profit would be $377.75 million giving it 34.10 P/E if the $0.85 EPS is correct. After having $0.65 EPS previously, Automatic Data Processing’s analysts see 30.77% EPS growth. The stock increased 1.14% or $1.31 on October 20, reaching $115.93. About 1.71M shares traded. Automatic Data Processing (NASDAQ:ADP) has risen 15.83% since October 22, 2016 and is uptrending. It has underperformed by 0.87% the S&P500.

Corning Incorporated is engaged in manufacturing specialty glass and ceramics. The company has market cap of $27.15 billion. The Company’s divisions include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. It has a 13.66 P/E ratio. The Display Technologies segment makes glass substrates for flat panel liquid crystal displays .

Since January 1, 0001, it had 0 buys, and 10 insider sales for $16.15 million activity.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on October, 24. They expect $0.42 earnings per share, 0.00% or $0.00 from last year’s $0.42 per share. GLW’s profit will be $379.34 million for 17.89 P/E if the $0.42 EPS becomes a reality. After $0.42 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Ratings analysis reveals 40% of Corning’s analysts are positive. Out of 5 Wall Street analysts rating Corning, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $26.0 while the high is $28.0. The stock’s average target of $27 is -10.18% below today’s ($30.06) share price. GLW was included in 5 notes of analysts from October 26, 2016. The stock has “Mkt Perform” rating by Bernstein on Wednesday, February 1. The rating was upgraded by Bank of America on Tuesday, January 24 to “Neutral”. Guggenheim initiated Corning Incorporated (NYSE:GLW) rating on Wednesday, January 4. Guggenheim has “Buy” rating and $28.0 target. The rating was initiated by Wells Fargo on Wednesday, December 21 with “Market Perform”. The rating was maintained by Deutsche Bank on Wednesday, October 26 with “Buy”.

It closed at $30.06 lastly. It is up 53.38% since October 22, 2016 and is uptrending. It has outperformed by 36.68% the S&P500.

Towerview Llc holds 9.11% of its portfolio in Corning Incorporated for 600,000 shares. Minneapolis Portfolio Management Group Llc owns 1.67 million shares or 8.14% of their US portfolio. Moreover, Quaker Capital Investments Llc has 7.84% invested in the company for 811,700 shares. The New York-based Oppenheimer & Close Llc has invested 6.91% in the stock. Southport Management L.L.C., a Wyoming-based fund reported 83,250 shares.

Since May 24, 2017, it had 0 buys, and 1 sale for $4.94 million activity. 49,392 shares valued at $4.94 million were sold by Rodriguez Carlos A on Wednesday, May 24.

Investors sentiment decreased to 0.77 in Q2 2017. Its down 0.06, from 0.83 in 2017Q1. It is negative, as 62 investors sold Automatic Data Processing shares while 426 reduced holdings. 74 funds opened positions while 304 raised stakes. 355.68 million shares or 2.28% more from 347.76 million shares in 2017Q1 were reported. Caxton Assocs Limited Partnership stated it has 0% in Automatic Data Processing (NASDAQ:ADP). Shufro Rose And Llc has 5,228 shares. Airain reported 44,336 shares. Great Lakes Ltd Company invested 0.07% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt reported 0.13% in Automatic Data Processing (NASDAQ:ADP). Marco Inv Management Ltd Company stated it has 4,114 shares. Richard Bernstein Advsr Limited Liability stated it has 76,106 shares or 0.6% of all its holdings. Rothschild Asset holds 0.01% or 5,202 shares. Manufacturers Life Insur The reported 627,530 shares. Carnegie Cap Asset Mngmt Ltd Liability Corp holds 0.2% or 14,426 shares in its portfolio. Hamel Associates reported 0.34% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Ironwood Invest Mngmt Llc invested in 0.26% or 3,463 shares. Shelton Cap Management has invested 0.27% in Automatic Data Processing (NASDAQ:ADP). Trustco Savings Bank Corporation N Y stated it has 0.56% in Automatic Data Processing (NASDAQ:ADP). Lateef Investment Management L P invested in 106,678 shares or 0.99% of the stock.

Automatic Data Processing, Inc. is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The company has market cap of $51.52 billion. The Firm also provides business process outsourcing solutions. It has a 30.13 P/E ratio. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 2 have Buy rating, 3 Sell and 14 Hold. Therefore 11% are positive. Automatic Data had 40 analyst reports since August 3, 2015 according to SRatingsIntel. On Thursday, October 29 the stock rating was maintained by Topeka Capital Markets with “Sell”. Bernstein upgraded Automatic Data Processing (NASDAQ:ADP) on Monday, July 11 to “Outperform” rating. The rating was downgraded by William Blair on Friday, July 21 to “Market Perform”. BMO Capital Markets maintained it with “Hold” rating and $112.0 target in Friday, October 13 report. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Hold” rating by RBC Capital Markets on Wednesday, September 13. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, July 18. The stock has “Hold” rating by Stifel Nicolaus on Thursday, July 27. The company was maintained on Friday, July 29 by Citigroup. The firm has “Outperform” rating by William Blair given on Monday, August 31. Argus Research maintained Automatic Data Processing (NASDAQ:ADP) on Thursday, August 3 with “Buy” rating.