Intuit Inc. (NASDAQ:INTU) Expected to Post Earnings of $6.81 Per Share

Equities research analysts predict that Intuit Inc. (NASDAQ:INTU) will announce $6.81 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Intuit’s earnings. The lowest EPS estimate is $6.74 and the highest is $6.85. Intuit reported earnings of $4.49 per share in the same quarter last year, which suggests a positive year over year growth rate of 51.7%. The business is expected to report its next earnings results on Thursday, May 20th.

On average, analysts expect that Intuit will report full-year earnings of $8.35 per share for the current year, with EPS estimates ranging from $8.29 to $8.42. For the next fiscal year, analysts anticipate that the business will post earnings of $9.80 per share, with EPS estimates ranging from $9.30 to $10.53. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Intuit.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, February 23rd. The software maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.55. Intuit had a return on equity of 40.29% and a net margin of 25.10%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis.

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price target on Intuit from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, March 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Intuit from $378.00 to $383.00 in a report on Tuesday, December 22nd. Wells Fargo & Company raised their target price on Intuit from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, March 2nd. The Goldman Sachs Group started coverage on Intuit in a research note on Friday, January 22nd. They issued a “neutral” rating and a $430.00 target price for the company. Finally, Credit Suisse Group restated an “outperform” rating and issued a $460.00 target price on shares of Intuit in a research note on Monday, March 22nd. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $429.68.

Shares of INTU traded up $6.27 during trading hours on Thursday, reaching $417.56. The stock had a trading volume of 914,340 shares, compared to its average volume of 1,441,362. Intuit has a 12 month low of $246.42 and a 12 month high of $423.74. The stock has a market capitalization of $114.34 billion, a PE ratio of 56.05, a PEG ratio of 4.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.09 and a current ratio of 3.09. The company’s 50-day moving average is $391.57 and its two-hundred day moving average is $369.19.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 19th. Stockholders of record on Monday, April 12th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.57%. Intuit’s dividend payout ratio (DPR) is currently 35.98%.

In other news, EVP James Alexander Chriss sold 364 shares of Intuit stock in a transaction on Thursday, February 25th. The shares were sold at an average price of $407.38, for a total transaction of $148,286.32. Following the completion of the sale, the executive vice president now directly owns 221 shares of the company’s stock, valued at approximately $90,030.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michelle M. Clatterbuck sold 2,253 shares of Intuit stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $403.51, for a total transaction of $909,108.03. Following the sale, the chief financial officer now directly owns 4,293 shares of the company’s stock, valued at $1,732,268.43. The disclosure for this sale can be found here. 3.38% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Intuit by 1.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,222 shares of the software maker’s stock worth $9,201,000 after acquiring an additional 394 shares during the last quarter. DNB Asset Management AS lifted its stake in Intuit by 107.9% in the fourth quarter. DNB Asset Management AS now owns 83,821 shares of the software maker’s stock worth $31,839,000 after purchasing an additional 43,510 shares during the last quarter. HWG Holdings LP lifted its stake in Intuit by 32.6% in the fourth quarter. HWG Holdings LP now owns 4,130 shares of the software maker’s stock worth $1,569,000 after purchasing an additional 1,016 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Intuit by 4.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 100,127 shares of the software maker’s stock worth $38,033,000 after purchasing an additional 3,915 shares during the last quarter. Finally, Boston Trust Walden Corp bought a new stake in Intuit in the fourth quarter worth $28,494,000. 84.79% of the stock is owned by institutional investors.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.

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Earnings History and Estimates for Intuit (NASDAQ:INTU)

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