Intuit Inc. (INTU) Updates FY15 Earnings Guidance
Intuit Inc. (NASDAQ:INTU) updated its FY15 earnings guidance on Thursday. The company provided earnings per share guidance of $2.45-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.97, AnalystRatingsNetwork reports. The company issued revenue guidance of $4.75-4.85 billion, compared to the consensus revenue estimate of $4.85 billion.Intuit also updated its Q1 guidance to ($0.20)-(0.21) EPS.
Intuit Inc. (NASDAQ:INTU) traded up 0.63% on Thursday, hitting $85.81. The stock had a trading volume of 1,681,614 shares. Intuit Inc. has a 52-week low of $61.50 and a 52-week high of $85.58. The stock has a 50-day moving average of $82.03 and a 200-day moving average of $78.3. The company has a market cap of $24.360 billion and a price-to-earnings ratio of 27.22.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. Intuit’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Intuit Inc. will post $3.58 EPS for the current fiscal year.
INTU has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an underweight rating on shares of Intuit in a research note on Wednesday. They now have a $66.00 price target on the stock, down previously from $72.00. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Intuit in a research note on Wednesday, May 28th. They now have a $84.00 price target on the stock, up previously from $77.00. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $78.21.
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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