Intuit Inc. (INTU) Set to Announce Earnings on Tuesday
Intuit Inc. (NASDAQ:INTU) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 22nd. Analysts expect Intuit to post earnings of $0.17 per share for the quarter. Intuit has set its Q4 guidance at $0.16-0.18 EPS.
Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, beating the Zacks’ consensus estimate of $3.87 by $0.03. Intuit had a net margin of 17.82% and a return on equity of 80.88%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm earned $3.43 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts expect Intuit to post $4.39 EPS for the current fiscal year and $5.03 EPS for the next fiscal year.
Intuit Inc. (NASDAQ INTU) opened at 138.89 on Tuesday. The company has a market cap of $35.59 billion, a P/E ratio of 39.91 and a beta of 1.15. Intuit Inc. has a one year low of $103.22 and a one year high of $143.81. The company has a 50 day moving average of $135.00 and a 200-day moving average of $128.02.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.36 dividend on an annualized basis and a yield of 0.98%. Intuit’s payout ratio is presently 39.19%.
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A number of equities analysts recently weighed in on INTU shares. Barclays PLC lowered their price target on shares of Intuit from $129.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, April 24th. Benchmark Co. started coverage on shares of Intuit in a research report on Thursday, April 27th. They set a “buy” rating and a $140.00 price target on the stock. Royal Bank Of Canada boosted their price target on shares of Intuit from $126.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 24th. Stifel Nicolaus boosted their price target on shares of Intuit from $115.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, Deutsche Bank AG boosted their price target on shares of Intuit from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $135.63.
In other news, EVP Henry Tayloe Stansbury sold 3,742 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $137.92, for a total value of $516,096.64. Following the sale, the executive vice president now directly owns 4,580 shares of the company’s stock, valued at approximately $631,673.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 74,052 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $139.46, for a total transaction of $10,327,291.92. The disclosure for this sale can be found here. Insiders sold a total of 151,265 shares of company stock worth $21,085,104 over the last three months. Insiders own 5.70% of the company’s stock.
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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