Intuit Inc. (INTU) Issues Q1 Earnings Guidance
Intuit Inc. (NASDAQ:INTU) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.03-0.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $840-860 million, compared to the consensus revenue estimate of $849.40 million.Intuit also updated its FY18 guidance to $4.90-5.00 EPS.
Intuit Inc. (NASDAQ INTU) traded up 1.65% on Tuesday, reaching $138.15. 2,254,243 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $135.14 and a 200-day moving average price of $128.66. Intuit Inc. has a 1-year low of $103.22 and a 1-year high of $143.81. The company has a market capitalization of $35.40 billion, a P/E ratio of 39.70 and a beta of 1.15.
Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, May 23rd. The software maker reported $3.90 EPS for the quarter, topping the Zacks’ consensus estimate of $3.87 by $0.03. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Intuit had a net margin of 17.82% and a return on equity of 80.88%. Intuit’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.43 EPS. Equities research analysts expect that Intuit Inc. will post $4.39 earnings per share for the current year.
INTU has been the subject of a number of analyst reports. Barclays PLC cut their price objective on shares of Intuit from $129.00 to $124.00 and set an equal weight rating for the company in a research report on Monday, April 24th. Benchmark Co. initiated coverage on shares of Intuit in a research report on Thursday, April 27th. They set a buy rating and a $140.00 price objective for the company. Royal Bank Of Canada upped their price objective on shares of Intuit from $126.00 to $140.00 and gave the stock a sector perform rating in a research report on Wednesday, May 24th. Stifel Nicolaus upped their price objective on shares of Intuit from $115.00 to $132.00 and gave the stock a hold rating in a research report on Wednesday, May 24th. Finally, Deutsche Bank AG upped their price objective on shares of Intuit from $130.00 to $150.00 and gave the stock a buy rating in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Intuit has a consensus rating of Buy and a consensus price target of $135.63.
In related news, EVP Daniel A. Wernikoff sold 15,684 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $140.50, for a total value of $2,203,602.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Henry Tayloe Stansbury sold 1,871 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $135.29, for a total transaction of $253,127.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,265 shares of company stock worth $21,085,104. 5.70% of the stock is owned by corporate insiders.
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Intuit Company Profile
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 ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
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