Intuit (INTU) to Release Earnings on Thursday

Intuit (NASDAQ:INTU) is scheduled to issue its quarterly earnings data after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Monday, November 19th. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.18. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $971.45 million. Intuit had a return on equity of 56.35% and a net margin of 20.71%. Intuit’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. On average, analysts expect Intuit to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

INTU stock opened at $228.59 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $59.42 billion, a PE ratio of 50.46, a P/E/G ratio of 2.62 and a beta of 1.16. Intuit has a 1 year low of $158.13 and a 1 year high of $231.84.

The company also recently declared a quarterly dividend, which was paid on Friday, January 18th. Shareholders of record on Thursday, January 10th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, January 9th. Intuit’s dividend payout ratio (DPR) is 41.50%.

In related news, EVP Sasan K. Goodarzi sold 85,835 shares of the stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $196.74, for a total transaction of $16,887,177.90. Following the completion of the sale, the executive vice president now owns 90,837 shares in the company, valued at $17,871,271.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brad D. Smith sold 22,418 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $205.63, for a total value of $4,609,813.34. Following the transaction, the chief executive officer now directly owns 292,520 shares of the company’s stock, valued at $60,150,887.60. The disclosure for this sale can be found here. Insiders sold a total of 347,207 shares of company stock worth $68,710,900 over the last ninety days. Insiders own 4.60% of the company’s stock.

Several equities analysts recently commented on INTU shares. BidaskClub raised Intuit from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Argus reduced their price objective on shares of Intuit from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Royal Bank of Canada upgraded shares of Intuit from a “sector perform” rating to an “outperform” rating and set a $93.00 price target for the company in a research report on Monday, November 26th. KeyCorp assumed coverage on shares of Intuit in a research note on Tuesday, December 18th. They set an “overweight” rating and a $250.00 price objective for the company. Finally, Morgan Stanley raised shares of Intuit from an “underweight” rating to an “equal weight” rating and set a $225.00 target price for the company in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $225.63.

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About Intuit

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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Earnings History for Intuit (NASDAQ:INTU)

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