Intuit (NASDAQ:INTU) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 23rd. Analysts expect the company to announce earnings of $5.14 per share for the quarter.
Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 21st. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.44. Intuit had a net margin of 22.89% and a return on equity of 53.70%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $0.35 earnings per share. On average, analysts expect Intuit to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NASDAQ INTU opened at $243.14 on Thursday. Intuit has a 52-week low of $182.61 and a 52-week high of $272.14. The stock has a market capitalization of $61.38 billion, a PE ratio of 53.67, a P/E/G ratio of 2.76 and a beta of 1.14. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.88 annualized dividend and a dividend yield of 0.77%. Intuit’s dividend payout ratio (DPR) is 41.50%.
Several brokerages have recently issued reports on INTU. Royal Bank of Canada lifted their target price on shares of Intuit from $274.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. KeyCorp lifted their target price on shares of Intuit from $255.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Exane BNP Paribas began coverage on shares of Intuit in a research report on Friday, March 29th. They issued an “underperform” rating and a $200.00 target price on the stock. BidaskClub lowered shares of Intuit from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, BNP Paribas began coverage on shares of Intuit in a research report on Friday, March 29th. They issued an “underperform” rating and a $200.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $243.58.
In related news, VP Mark J. Flournoy sold 5,939 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $251.18, for a total transaction of $1,491,758.02. Following the transaction, the vice president now directly owns 3,626 shares in the company, valued at $910,778.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kerry J. Mclean sold 12,176 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $250.74, for a total transaction of $3,053,010.24. Following the transaction, the senior vice president now owns 14,710 shares in the company, valued at $3,688,385.40. The disclosure for this sale can be found here. Insiders have sold 90,609 shares of company stock worth $22,757,853 over the last 90 days. 4.60% of the stock is currently owned by company insiders.
Intuit Company Profile
Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
Recommended Story: 12b-1 Fees
Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.