Intuit (INTU) Announces Quarterly Earnings, Misses Expectations By $0.06 EPS
Intuit (NASDAQ:INTU) announced its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.06, Analyst Ratings Network reports. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million.
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 investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have given 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 price target of $78.21.
Shares of Intuit (NASDAQ:INTU) traded up 0.63% during mid-day trading on Thursday, hitting $85.81. The stock had a trading volume of 1,663,100 shares. Intuit 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 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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