Equities research analysts forecast that Intuit Inc. (NASDAQ:INTU) will post $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Intuit’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.38. Intuit posted earnings of $0.26 per share in the same quarter last year, which indicates a positive year over year growth rate of 30.8%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Intuit will report full-year earnings of $5.02 per share for the current financial year, with EPS estimates ranging from $4.94 to $5.46. For the next year, analysts anticipate that the company will report earnings of $5.68 per share, with EPS estimates ranging from $5.47 to $6.39. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Intuit.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.30. The business had revenue of $886.00 million for the quarter, compared to analyst estimates of $855.74 million. Intuit had a net margin of 18.62% and a return on equity of 77.56%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share.

Several analysts have commented on INTU shares. Royal Bank of Canada lifted their price objective on shares of Intuit from $141.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 16th. Citigroup lifted their price objective on shares of Intuit to $170.00 in a research report on Tuesday, November 21st. Raymond James Financial lowered shares of Intuit from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 27th. Oppenheimer lifted their target price on shares of Intuit from $146.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $157.53.

Shares of Intuit (NASDAQ INTU) traded down $2.22 during mid-day trading on Wednesday, reaching $162.29. 1,385,000 shares of the company’s stock traded hands, compared to its average volume of 1,184,460. The company has a market capitalization of $41,840.00, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35. Intuit has a twelve month low of $111.90 and a twelve month high of $166.49.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 annualized dividend and a dividend yield of 0.96%. Intuit’s payout ratio is 41.27%.

In related news, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $151.35, for a total transaction of $326,613.30. Following the completion of the transaction, the executive vice president now owns 3,050 shares of the company’s stock, valued at $461,617.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Scott D. Cook sold 112,731 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $160.97, for a total transaction of $18,146,309.07. The disclosure for this sale can be found here. Insiders sold 965,938 shares of company stock valued at $149,469,127 in the last quarter. Corporate insiders own 5.59% of the company’s stock.

Large investors have recently modified their holdings of the stock. Oakbrook Investments LLC grew its stake in Intuit by 118.1% during the third quarter. Oakbrook Investments LLC now owns 21,425 shares of the software maker’s stock valued at $3,045,000 after acquiring an additional 11,600 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Intuit by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 375,423 shares of the software maker’s stock valued at $53,363,000 after acquiring an additional 1,870 shares in the last quarter. Asset Advisors Corp grew its stake in Intuit by 2.5% during the third quarter. Asset Advisors Corp now owns 92,565 shares of the software maker’s stock valued at $13,157,000 after acquiring an additional 2,300 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in Intuit during the third quarter valued at approximately $959,000. Finally, Atlanta Capital Management Co. L L C grew its stake in Intuit by 142.3% during the third quarter. Atlanta Capital Management Co. L L C now owns 504,885 shares of the software maker’s stock valued at $71,764,000 after acquiring an additional 296,481 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

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Intuit Company Profile

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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Earnings History and Estimates for Intuit (NASDAQ:INTU)

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