Intuit (NASDAQ:INTU) Updates Q4 Earnings Guidance

Intuit (NASDAQ:INTU) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.80-1.85 for the period, compared to the consensus earnings per share estimate of $1.92. The company issued revenue guidance of $3.063-3.099 billion, compared to the consensus revenue estimate of $3.05 billion.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Intuit from $678.00 to $712.00 and gave the company an outperform rating in a research note on Friday, February 23rd. Mizuho raised their target price on shares of Intuit from $670.00 to $725.00 and gave the company a buy rating in a research note on Friday, February 23rd. Wells Fargo & Company raised their target price on shares of Intuit from $725.00 to $750.00 and gave the company an overweight rating in a research note on Tuesday, May 21st. Barclays raised their price target on shares of Intuit from $735.00 to $745.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Finally, Susquehanna decreased their price target on shares of Intuit from $775.00 to $757.00 and set a positive rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of Moderate Buy and an average target price of $679.41.

Intuit Price Performance

Shares of INTU stock opened at $596.25 on Tuesday. Intuit has a 1 year low of $400.22 and a 1 year high of $676.62. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $634.12 and its 200-day moving average is $622.77. The firm has a market capitalization of $166.68 billion, a price-to-earnings ratio of 56.00, a PEG ratio of 3.70 and a beta of 1.22.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.12 by $1.76. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.65 billion. Intuit had a return on equity of 18.61% and a net margin of 19.43%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.80 EPS. Sell-side analysts forecast that Intuit will post 11.28 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 annualized dividend and a yield of 0.60%. Intuit’s dividend payout ratio is currently 33.21%.

Insider Buying and Selling at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of Intuit stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Intuit Company Profile

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 four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.