Intuit Inc. (NASDAQ:INTU) Set to Announce Earnings on Tuesday
Intuit Inc. (NASDAQ:INTU) will be releasing its earnings data after the market closes on Tuesday, August 22nd. Analysts expect Intuit to post earnings of $0.17 per share for the quarter. Intuit has set its Q4 guidance at $0.16-0.18 EPS.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, topping the Zacks’ consensus estimate of $3.87 by $0.03. Intuit had a return on equity of 80.88% and a net margin of 17.82%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $3.43 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect Intuit to post $4.39 EPS for the current fiscal year and $5.03 EPS for the next fiscal year.
Intuit Inc. (NASDAQ:INTU) opened at 138.89 on Tuesday. Intuit Inc. has a 12-month low of $103.22 and a 12-month high of $143.81. The stock has a 50 day moving average price of $135.00 and a 200-day moving average price of $128.02. The company has a market capitalization of $35.59 billion, a price-to-earnings ratio of 39.91 and a beta of 1.15.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Monday, July 10th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.36 annualized dividend and a dividend yield of 0.98%. Intuit’s dividend payout ratio (DPR) is 39.19%.
Several equities research analysts have recently commented on the company. CIBC upped their price objective on Intuit from $125.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. Barclays PLC reduced their price objective on Intuit from $129.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, April 24th. Zacks Investment Research upgraded Intuit from a “sell” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Monday, May 29th. Credit Suisse Group upped their price objective on Intuit from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $141.00 price objective (up from $125.00) on shares of Intuit in a research note on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $135.63.
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In other Intuit news, EVP Henry Tayloe Stansbury sold 1,871 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total transaction of $253,127.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis D. Powell sold 16,686 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $136.82, for a total transaction of $2,282,978.52. Following the transaction, the director now directly owns 4,554 shares of the company’s stock, valued at approximately $623,078.28. The disclosure for this sale can be found here. Insiders sold a total of 151,265 shares of company stock valued at $21,085,104 in the last ninety days. 5.70% of the stock is currently owned by insiders.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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