Intuit Inc. (INTU) Plans Quarterly Dividend of $0.19
Intuit (NASDAQ:INTU) declared a quarterly dividend on Wednesday, May 21st, AnalystRatings.NET reports. Stockholders of record on Thursday, July 10th will be given a dividend of 0.19 per share on Friday, July 18th. This represents a $0.76 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, July 8th.
A number of research firms have recently commented on INTU. Analysts at Goldman Sachs raised their price target on shares of Intuit to $80.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. On a related note, analysts at Raymond James raised their price target on shares of Intuit from $84.00 to $89.00 in a research note on Wednesday. They now have a “strong-buy” rating on the stock. Finally, analysts at Evercore Partners upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating in a research note on Friday, May 16th. They now have a $72.00 price target on the stock, up previously from $62.00. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Intuit presently has an average rating of “Hold” and an average price target of $77.58.
Shares of Intuit (NASDAQ:INTU) traded up 0.82% during mid-day trading on Wednesday, hitting $77.47. The stock had a trading volume of 3,935,246 shares. Intuit has a 52-week low of $56.74 and a 52-week high of $82.40. The stock has a 50-day moving average of $75.25 and a 200-day moving average of $75.38. The company has a market cap of $21.948 billion and a P/E ratio of 29.92.
Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.03. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $2.97 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that Intuit will post $3.58 EPS 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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