Wall Street brokerages expect Intuit Inc. (NASDAQ:INTU) to post earnings per share of $5.39 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Intuit’s earnings. The highest EPS estimate is $5.45 and the lowest is $5.36. Intuit reported earnings of $4.82 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, May 23rd.
According to Zacks, analysts expect that Intuit will report full year earnings of $6.55 per share for the current year, with EPS estimates ranging from $6.48 to $6.70. For the next year, analysts expect that the company will post earnings of $7.44 per share, with EPS estimates ranging from $7.09 to $8.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Intuit.
Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 21st. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.56 by $0.44. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Intuit had a net margin of 22.89% and a return on equity of 53.70%. During the same quarter in the previous year, the firm posted $0.35 EPS.
INTU has been the subject of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $255.00 target price (up previously from $250.00) on shares of Intuit in a report on Tuesday, January 22nd. Zacks Investment Research lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Goldman Sachs Group reissued a “neutral” rating and set a $212.00 target price on shares of Intuit in a research note on Friday, February 1st. Morgan Stanley raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $225.00 target price on the stock in a research note on Monday, February 4th. Finally, BidaskClub raised shares of Intuit from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $243.26.
Shares of INTU stock traded up $1.22 during midday trading on Wednesday, hitting $247.30. 19,140 shares of the company were exchanged, compared to its average volume of 1,522,110. The company has a market capitalization of $62.47 billion, a price-to-earnings ratio of 54.58, a PEG ratio of 2.86 and a beta of 1.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. Intuit has a 52 week low of $182.61 and a 52 week high of $272.14.
In other Intuit news, EVP Laura A. Fennell sold 67,488 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $251.43, for a total transaction of $16,968,507.84. Following the completion of the transaction, the executive vice president now owns 95,102 shares in the company, valued at $23,911,495.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kerry J. Mclean sold 12,176 shares of the 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 of the company’s stock, valued at approximately $3,688,385.40. The disclosure for this sale can be found here. Insiders have sold 90,609 shares of company stock valued at $22,757,853 in the last 90 days. 4.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of INTU. Financial Advantage Inc. purchased a new position in shares of Intuit during the first quarter worth approximately $26,000. CX Institutional raised its stake in shares of Intuit by 85.5% during the first quarter. CX Institutional now owns 102 shares of the software maker’s stock worth $27,000 after acquiring an additional 47 shares in the last quarter. Athena Capital Advisors LLC purchased a new position in shares of Intuit during the fourth quarter worth approximately $28,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intuit during the first quarter worth approximately $28,000. Finally, Private Ocean LLC purchased a new position in shares of Intuit during the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.
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.
Featured Article: Why investors pay attention to retained earnings
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.