Intuit Inc. (INTU) Updates FY14 Earnings Guidance
Intuit Inc. (NASDAQ:INTU) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.52 to $3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.57, AnalystRatings.Net reports. The company issued revenue guidance of $4.440 to $4.525 billion, compared to the consensus revenue estimate of $4.49 billion.Intuit also updated its Q3 guidance to $3.46 to $3.51 EPS.
Intuit Inc. (NASDAQ:INTU) traded up 0.59% on Thursday, hitting $73.85. The stock had a trading volume of 1,894,102 shares. Intuit Inc. has a 52 week low of $55.54 and a 52 week high of $77.78. The stock has a 50-day moving average of $73.95 and a 200-day moving average of $70.31. The company has a market cap of $21.036 billion and a price-to-earnings ratio of 25.52.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.12. The company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $842.05 million. Analysts expect that Intuit Inc. will post $3.57 EPS for the current fiscal year.
INTU has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Intuit from a neutral rating to an underperform rating in a research note on Thursday. They now have a $71.40 price target on the stock. On a related note, analysts at Deutsche Bank cut their price target on shares of Intuit from $68.00 to $65.00 in a research note on Thursday, February 13th. Finally, analysts at Evercore Partners downgraded shares of Intuit from an equal weight rating to an underweight rating in a research note on Wednesday, February 12th. They now have a $62.00 price target on the stock, up previously from $10.00. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intuit has a consensus rating of Hold and a consensus target price of $72.67.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
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