Q1 2018 Earnings Forecast for Intuit Inc. Issued By William Blair (INTU)
Intuit Inc. (NASDAQ:INTU) – Research analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Intuit in a research report issued to clients and investors on Monday. William Blair analyst M. Pfau anticipates that the software maker will post earnings per share of ($0.20) for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Intuit’s Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $4.11 EPS, FY2018 earnings at $3.95 EPS and FY2019 earnings at $4.54 EPS.
Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The company had revenue of $842.00 million for the quarter, compared to the consensus estimate of $808.82 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Intuit’s quarterly revenue was up 11.7% compared to the same quarter last year.
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Several other research firms have also recently issued reports on INTU. Wells Fargo & Company raised shares of Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 price target on the stock in a research note on Thursday. First Analysis raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 price target on the stock in a research note on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $141.00 price target on shares of Intuit in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Monday, August 28th. Finally, Citigroup Inc. cut shares of Intuit from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $148.00 to $141.00 in a research report on Monday, June 26th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Intuit currently has an average rating of “Buy” and an average price target of $142.74.
Intuit (INTU) opened at 146.32 on Thursday. The stock has a market capitalization of $37.31 billion, a P/E ratio of 39.33 and a beta of 1.15. Intuit has a 52 week low of $103.22 and a 52 week high of $146.72. The firm’s 50-day moving average is $138.84 and its 200-day moving average is $131.54.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th will be issued a $0.39 dividend. This is a positive change from Intuit’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.56 annualized dividend and a yield of 1.07%. Intuit’s dividend payout ratio (DPR) is presently 36.56%.
In other news, insider Scott D. Cook sold 183,333 shares of Intuit stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $145.19, for a total transaction of $26,618,118.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Scott D. Cook sold 182,037 shares of Intuit stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $135.20, for a total transaction of $24,611,402.40. The disclosure for this sale can be found here. Insiders sold 1,056,234 shares of company stock worth $147,058,222 in the last 90 days. 5.70% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of INTU. Captrust Financial Advisors purchased a new stake in shares of Intuit during the second quarter valued at approximately $108,000. Guardian Life Insurance Co. of America raised its stake in shares of Intuit by 0.5% during the first quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock valued at $109,000 after purchasing an additional 5 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Intuit during the second quarter valued at approximately $123,000. Johnson Financial Group Inc. raised its stake in shares of Intuit by 5.8% during the first quarter. Johnson Financial Group Inc. now owns 1,080 shares of the software maker’s stock valued at $126,000 after purchasing an additional 59 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Intuit during the second quarter valued at approximately $140,000. Institutional investors own 85.96% of the company’s stock.
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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