Intuit Inc. (INTU) to Release Quarterly Earnings on Thursday
Intuit Inc. (NASDAQ:INTU) is set to issue its quarterly earnings data after the market closes on Thursday, November 17th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.10. Intuit had a net margin of 20.86% and a return on equity of 80.75%. The company had revenue of $754 million for the quarter, compared to the consensus estimate of $735.35 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue was up 8.3% compared to the same quarter last year. On average, analysts expect Intuit to post $4.34 EPS for the current fiscal year and $4.96 EPS for the next fiscal year.
Intuit Inc. (NASDAQ:INTU) opened at 110.90 on Wednesday. Intuit Inc. has a 12-month low of $88.17 and a 12-month high of $116.97. The company has a market cap of $28.61 billion, a P/E ratio of 30.03 and a beta of 1.08. The stock’s 50 day moving average is $108.32 and its 200 day moving average is $108.95.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 18th. Stockholders of record on Monday, October 10th were given a dividend of $0.34 per share. This is an increase from Intuit’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.23%. Intuit’s dividend payout ratio is currently 36.17%.
In other Intuit news, EVP Henry Tayloe Stansbury sold 1,871 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $109.19, for a total value of $204,294.49. Following the transaction, the executive vice president now directly owns 2,541 shares of the company’s stock, valued at approximately $277,451.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO R Neil Williams sold 18,567 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $111.47, for a total transaction of $2,069,663.49. Following the completion of the transaction, the chief financial officer now directly owns 4,727 shares in the company, valued at $526,918.69. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Intuit by 10.9% in the second quarter. FMR LLC now owns 4,090,210 shares of the company’s stock worth $456,508,000 after buying an additional 401,036 shares during the last quarter. Alliancebernstein L.P. increased its stake in Intuit by 61.2% in the second quarter. Alliancebernstein L.P. now owns 793,194 shares of the company’s stock worth $88,528,000 after buying an additional 301,188 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Intuit by 86.9% in the second quarter. State of Wisconsin Investment Board now owns 446,197 shares of the company’s stock worth $49,800,000 after buying an additional 207,400 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Intuit by 5.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,483,984 shares of the company’s stock worth $388,848,000 after buying an additional 171,027 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Intuit by 46.6% in the second quarter. Marshall Wace LLP now owns 308,035 shares of the company’s stock worth $34,380,000 after buying an additional 97,866 shares during the last quarter. 84.72% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on INTU. Canaccord Genuity reissued a “buy” rating and set a $750.00 price objective on shares of Intuit in a research report on Friday, July 22nd. Zacks Investment Research cut shares of Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. RBC Capital Markets restated a “sector perform” rating and set a $113.00 target price (up previously from $93.00) on shares of Intuit in a report on Monday, August 15th. Royal Bank Of Canada reduced their target price on shares of Intuit from $113.00 to $93.00 and set a “sector perform” rating for the company in a report on Monday, August 15th. Finally, Deutsche Bank AG restated a “buy” rating and set a $125.00 target price (down previously from $130.00) on shares of Intuit in a report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Intuit presently has an average rating of “Buy” and a consensus price target of $194.34.
Intuit Inc is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others.
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