Equities analysts predict that Intuit Inc. (NASDAQ:INTU) will announce $1.17 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Intuit’s earnings, with estimates ranging from $1.16 billion to $1.17 billion. Intuit posted sales of $1.02 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The firm is expected to report its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Intuit will report full year sales of $1.17 billion for the current financial year, with estimates ranging from $5.69 billion to $5.74 billion. For the next year, analysts expect that the business will report sales of $6.24 billion per share, with estimates ranging from $6.09 billion to $6.33 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Intuit.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Monday, November 20th. The software maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.30. The business had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $855.74 million. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS.
INTU has been the subject of several research reports. Royal Bank of Canada lifted their price target on Intuit from $141.00 to $160.00 and gave the stock a “sector perform” rating in a report on Thursday, November 16th. Citigroup lifted their price target on Intuit to $170.00 in a report on Tuesday, November 21st. Raymond James Financial cut Intuit from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 27th. Oppenheimer lifted their price objective on Intuit from $146.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $154.37.
Intuit (NASDAQ INTU) traded up $2.10 during trading hours on Tuesday, reaching $164.11. The company had a trading volume of 1,039,360 shares, compared to its average volume of 1,403,475. The firm has a market cap of $41,420.00, a PE ratio of 43.42, a P/E/G ratio of 2.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.67 and a current ratio of 0.67. Intuit has a 1-year low of $111.90 and a 1-year high of $164.55.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Wednesday, January 10th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.56 annualized dividend and a yield of 0.95%. Intuit’s dividend payout ratio is presently 41.27%.
In other news, Chairman Scott D. Cook sold 184,733 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $158.98, for a total transaction of $29,368,852.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Henry Tayloe Stansbury sold 2,158 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $158.94, for a total value of $342,992.52. Following the transaction, the executive vice president now directly owns 3,050 shares of the company’s stock, valued at approximately $484,767. The disclosure for this sale can be found here. Insiders have sold a total of 965,938 shares of company stock valued at $149,469,127 in the last three months. 5.59% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of INTU. Janus Henderson Group PLC raised its holdings in shares of Intuit by 612.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,602,136 shares of the software maker’s stock worth $345,589,000 after buying an additional 2,236,974 shares in the last quarter. Koch Industries Inc. grew its position in Intuit by 38,665.6% during the 2nd quarter. Koch Industries Inc. now owns 1,438,591 shares of the software maker’s stock worth $1,428,000 after acquiring an additional 1,434,880 shares during the last quarter. Fundsmith LLP bought a new stake in Intuit during the 2nd quarter worth $144,464,000. Old Mutual Global Investors UK Ltd. bought a new stake in Intuit during the 2nd quarter worth $136,099,000. Finally, Jensen Investment Management Inc. bought a new stake in Intuit during the 3rd quarter worth $112,811,000. 86.03% of the stock is owned by institutional investors.
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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