Intuit (INTU) Set to Announce Quarterly Earnings on Thursday
Intuit (NASDAQ:INTU) will issue 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 for the quarter, topping the 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.35 EPS. On average, analysts expect Intuit to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of INTU opened at $243.14 on Thursday. Intuit has a fifty-two week low of $182.61 and a fifty-two week high of $272.14. The company has a market cap of $61.38 billion, a P/E ratio of 53.67, a price-to-earnings-growth 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.
In other news, Director Dennis D. Powell sold 4,083 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $248.96, for a total value of $1,016,503.68. Following the completion of the transaction, the director now owns 3,550 shares in the company, valued at approximately $883,808. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James Alexander Chriss sold 923 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $247.10, for a total transaction of $228,073.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,609 shares of company stock valued at $22,757,853. Company insiders own 4.60% of the company’s stock.
INTU has been the subject of several analyst reports. Oppenheimer boosted their price target on shares of Intuit from $254.00 to $269.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Morgan Stanley upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $225.00 price target for the company in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Intuit from a “hold” rating to a “buy” rating and set a $237.00 price target for the company in a report on Monday, January 21st. BidaskClub cut shares of Intuit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 9th. Finally, KeyCorp lowered their price target on shares of Intuit from $285.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $243.58.
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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.
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