Intuit (INTU) to Release Quarterly Earnings on Thursday

Intuit (NASDAQ:INTU) is scheduled to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, beating the 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 business had revenue of $886.00 million for the quarter, compared to the consensus estimate of $855.74 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. Intuit’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts expect Intuit to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Intuit (INTU) opened at $163.90 on Thursday. Intuit has a 12 month low of $114.80 and a 12 month high of $170.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $41,900.00, a P/E ratio of 43.36, a P/E/G ratio of 2.80 and a beta of 1.19.

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

Several equities analysts recently commented on INTU shares. Citigroup upped their price objective on Intuit to $170.00 in a research note on Tuesday, November 21st. Oppenheimer reiterated a “buy” rating and issued a $166.00 price objective (up previously from $159.00) on shares of Intuit in a research note on Tuesday, November 21st. Jefferies Group reiterated a “buy” rating and issued a $185.00 price objective on shares of Intuit in a research note on Tuesday, November 21st. Deutsche Bank reiterated a “buy” rating and issued a $180.00 price objective on shares of Intuit in a research note on Tuesday, January 9th. Finally, Barclays upped their price objective on Intuit from $135.00 to $157.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $159.42.

In other Intuit news, Chairman Scott D. Cook sold 183,334 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $151.46, for a total transaction of $27,767,767.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $158.94, for a total transaction of $342,992.52. Following the sale, the executive vice president now directly owns 3,050 shares in the company, valued at approximately $484,767. The disclosure for this sale can be found here. Insiders have sold a total of 965,938 shares of company stock worth $149,469,127 in the last three months. Insiders own 5.59% of the company’s stock.

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About Intuit

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 for Intuit (NASDAQ:INTU)

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