Intuit Inc. Declares Quarterly Dividend of $0.19 (INTU)
Intuit (NASDAQ:INTU) announced a quarterly dividend on Friday, February 21st, Analyst Ratings Network reports. Shareholders of record on Thursday, April 10th will be paid a dividend of 0.19 per share on Friday, April 18th. This represents a $0.76 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, April 8th.
A number of research firms have recently commented on INTU. Analysts at Jefferies Group raised their price target on shares of Intuit from $73.00 to $75.00 in a research note on Friday. They now have a “hold” rating on the stock. On a related note, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.79.
Intuit (NASDAQ:INTU) traded up 4.59% during mid-day trading on Friday, hitting $77.24. 5,414,187 shares of the company’s stock traded hands. Intuit has a one year low of $55.54 and a one year high of $77.78. The stock has a 50-day moving average of $73.95 and a 200-day moving average of $70.34. The company has a market cap of $22.002 billion and a price-to-earnings ratio of 25.67.
Intuit (NASDAQ:INTU) last released its earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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 $778.88 million. On average, analysts predict that Intuit will post $3.57 earnings per share for the current fiscal year.
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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