$1.16 Billion in Sales Expected for Intuit Inc. (INTU) This Quarter

Wall Street brokerages predict that Intuit Inc. (NASDAQ:INTU) will announce sales of $1.16 billion for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Intuit’s earnings. The lowest sales estimate is $1.12 billion and the highest is $1.17 billion. Intuit reported sales of $1.02 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.7%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, February 22nd.

On average, analysts expect that Intuit will report full year sales of $1.16 billion for the current financial year, with estimates ranging from $5.69 billion to $5.74 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.24 billion per share, with estimates ranging from $6.09 billion to $6.33 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Intuit.

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

A number of research analysts recently commented on the company. Oppenheimer boosted their price target on Intuit from $166.00 to $181.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Citigroup reaffirmed a “hold” rating and issued a $170.00 price target (up previously from $157.00) on shares of Intuit in a research note on Monday, January 29th. Zacks Investment Research upgraded Intuit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $148.00 target price on shares of Intuit in a research report on Tuesday, November 21st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $185.00 target price (up previously from $170.00) on shares of Intuit in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $158.32.

Intuit (INTU) opened at $163.42 on Monday. The company has a market capitalization of $41,780.00, a PE ratio of 43.23, a P/E/G ratio of 2.94 and a beta of 1.19. Intuit has a 52 week low of $111.90 and a 52 week high of $170.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 41.27%.

In other news, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $151.35, for a total transaction of $326,613.30. Following the sale, the executive vice president now directly owns 3,050 shares in the company, valued at $461,617.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Scott D. Cook sold 183,334 shares of Intuit stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $151.46, for a total value of $27,767,767.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 965,938 shares of company stock worth $149,469,127. Company insiders own 5.59% of the company’s stock.

Several institutional investors have recently bought and sold shares of INTU. Koch Industries Inc. lifted its stake in shares of Intuit by 38,665.6% in the second quarter. Koch Industries Inc. now owns 1,438,591 shares of the software maker’s stock worth $1,428,000 after acquiring an additional 1,434,880 shares during the period. APG Asset Management N.V. lifted its stake in shares of Intuit by 102.0% in the fourth quarter. APG Asset Management N.V. now owns 1,640,506 shares of the software maker’s stock worth $215,555,000 after acquiring an additional 828,387 shares during the period. Jensen Investment Management Inc. acquired a new position in shares of Intuit in the third quarter worth approximately $112,811,000. Atlanta Capital Management Co. L L C lifted its stake in shares of Intuit by 142.3% in the third quarter. Atlanta Capital Management Co. L L C now owns 504,885 shares of the software maker’s stock worth $71,764,000 after acquiring an additional 296,481 shares during the period. Finally, Investec Asset Management LTD lifted its stake in shares of Intuit by 35.3% in the third quarter. Investec Asset Management LTD now owns 952,772 shares of the software maker’s stock worth $135,427,000 after acquiring an additional 248,408 shares during the period. 86.15% of the stock is currently 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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