Analysts predict that Intuit Inc. (NASDAQ:INTU) will report ($0.06) earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Intuit’s earnings. Intuit reported earnings of ($0.13) per share in the same quarter last year, which suggests a positive year over year growth rate of 53.8%. The firm is expected to issue its next quarterly earnings report on Tuesday, August 22nd.
According to Zacks, analysts expect that Intuit will report full-year earnings of $3.54 per share for the current year. For the next fiscal year, analysts expect that the firm will report earnings of $3.99 per share, with EPS estimates ranging from $3.91 to $4.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Intuit.
Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, May 23rd. The software maker reported $3.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.87 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Intuit had a return on equity of 80.88% and a net margin of 17.82%. Intuit’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.43 EPS.
Several equities research analysts have recently issued reports on INTU shares. BidaskClub lowered Intuit from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Citigroup Inc. downgraded Intuit from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $148.00 to $141.00 in a report on Monday, June 26th. Zacks Investment Research upgraded Intuit from a “sell” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Monday, May 29th. Barclays PLC restated an “equal weight” rating on shares of Intuit in a research note on Sunday, May 28th. Finally, CIBC boosted their target price on Intuit from $125.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $199.55.
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In other news, EVP Henry Tayloe Stansbury sold 1,871 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total value of $253,127.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel A. Wernikoff sold 15,684 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $140.50, for a total transaction of $2,203,602.00. The disclosure for this sale can be found here. Insiders have sold a total of 151,265 shares of company stock worth $21,085,104 in the last 90 days. Company insiders own 5.70% of the company’s stock.
Large investors have recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised its stake in shares of Intuit by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock worth $109,000 after buying an additional 5 shares during the period. Johnson Financial Group Inc. raised its stake in shares of Intuit by 5.8% in the first quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock worth $126,000 after buying an additional 59 shares during the period. Miller Howard Investments Inc. NY bought a new stake in shares of Intuit during the first quarter worth about $205,000. Lincoln National Corp bought a new stake in shares of Intuit during the first quarter worth about $205,000. Finally, Pax World Management LLC bought a new stake in shares of Intuit during the first quarter worth about $205,000. Institutional investors and hedge funds own 85.23% of the company’s stock.
Intuit (NASDAQ INTU) traded up 0.192% during mid-day trading on Friday, reaching $133.135. The company had a trading volume of 349,098 shares. Intuit has a 1-year low of $103.22 and a 1-year high of $143.81. The company has a market capitalization of $34.11 billion, a PE ratio of 38.257 and a beta of 1.15. The firm has a 50-day moving average of $136.36 and a 200 day moving average of $123.95.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Monday, July 10th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.02%. Intuit’s payout ratio is 39.19%.
Intuit Company Profile
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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