Research Analysts Set Expectations for Intuit Inc.’s Q2 2018 Earnings (INTU)

Intuit Inc. (NASDAQ:INTU) – Investment analysts at Oppenheimer lowered their Q2 2018 earnings per share estimates for shares of Intuit in a research report issued to clients and investors on Sunday. Oppenheimer analyst S. Schneeberger now forecasts that the software maker will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.09. Oppenheimer has a “Outperform” rating and a $181.00 price target on the stock. Oppenheimer also issued estimates for Intuit’s Q3 2018 earnings at $4.38 EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at $4.26 EPS.

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

A number of other analysts have also recently weighed in on INTU. Royal Bank of Canada increased their price target on Intuit from $141.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 16th. Citigroup increased their price target on Intuit to $170.00 in a research report on Tuesday, November 21st. JPMorgan Chase & Co. increased their price target on Intuit to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 4th. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Deutsche Bank reiterated a “buy” rating and set a $180.00 price target on shares of Intuit in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $159.42.

Shares of Intuit (INTU) opened at $159.36 on Wednesday. Intuit has a one year low of $114.80 and a one year high of $170.59. The stock has a market capitalization of $40,745.48, a P/E ratio of 42.62, a price-to-earnings-growth ratio of 2.80 and a beta of 1.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.35.

Hedge funds have recently modified their holdings of the stock. Exane Derivatives bought a new position in Intuit during the 3rd quarter valued at $105,000. Horan Capital Advisors LLC. bought a new position in Intuit during the 3rd quarter valued at $114,000. SeaCrest Wealth Management LLC bought a new position in Intuit during the 4th quarter valued at $170,000. Highstreet Asset Management Inc. bought a new position in Intuit during the 3rd quarter valued at $159,000. Finally, Trellis Advisors LLC bought a new position in Intuit during the 4th quarter valued at $201,000. 86.37% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Henry Tayloe Stansbury sold 2,158 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $158.94, for a total value of $342,992.52. Following the completion of the transaction, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at approximately $484,767. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brad D. Smith sold 110,496 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $151.40, for a total value of $16,729,094.40. Following the completion of the transaction, the chief executive officer now directly owns 399,246 shares of the company’s stock, valued at $60,445,844.40. The disclosure for this sale can be found here. Insiders sold a total of 965,938 shares of company stock valued at $149,469,127 over the last three months. Corporate insiders own 5.59% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Wednesday, January 10th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, January 9th. Intuit’s dividend payout ratio (DPR) is 41.38%.

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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.

Earnings History and Estimates for Intuit (NASDAQ:INTU)

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