Intuit (INTU) Getting Somewhat Positive Press Coverage, Study Shows
Media headlines about Intuit (NASDAQ:INTU) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intuit earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.5858596105418 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- House And Senate Tax Bills Bar Lawyer Tax Write-Offs For Costs (finance.yahoo.com)
- Stocks To Watch: Intuit Sees RS Rating Jump To 82 (finance.yahoo.com)
- Intuit to Aqcuire TSheets for $340 Million (cpapracticeadvisor.com)
- Intuit acquires time-tracking service TSheets for $340M (yahoo.com)
- TurboTax Brings Free Tax Preparation to More than 60 Million Taxpayers with TurboTax Absolute Zero (finance.yahoo.com)
Intuit (INTU) traded down $0.33 during midday trading on Friday, reaching $155.23. 1,578,814 shares of the company’s stock were exchanged, compared to its average volume of 1,489,772. The firm has a market capitalization of $39,610.00, a price-to-earnings ratio of 41.76, a PEG ratio of 2.81 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35. Intuit has a one year low of $111.90 and a one year high of $158.90.
Intuit (NASDAQ:INTU) last issued its earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. The business had revenue of $886.00 million for the quarter, compared to the consensus estimate of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. research analysts anticipate that Intuit will post 3.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, January 9th. Intuit’s payout ratio is 41.27%.
INTU has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price objective on the stock in a report on Thursday, September 21st. Raymond James Financial lowered shares of Intuit from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 27th. First Analysis upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price objective on the stock in a report on Wednesday, August 23rd. Royal Bank Of Canada restated a “hold” rating and issued a $141.00 price objective on shares of Intuit in a report on Thursday, August 24th. Finally, Zacks Investment Research lowered shares of Intuit from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $152.89.
In other Intuit news, EVP Henry Tayloe Stansbury sold 1,783 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $144.20, for a total value of $257,108.60. Following the sale, the executive vice president now owns 2,675 shares of the company’s stock, valued at $385,735. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark J. Flournoy sold 1,868 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $142.31, for a total transaction of $265,835.08. Following the completion of the sale, the vice president now directly owns 1,713 shares in the company, valued at approximately $243,777.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 898,807 shares of company stock worth $132,768,878. Insiders own 5.59% 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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