Brokerages Expect Intuit Inc. (INTU) to Post $5.40 Earnings Per Share

Wall Street analysts forecast that Intuit Inc. (NASDAQ:INTU) will announce earnings of $5.40 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Intuit’s earnings, with the lowest EPS estimate coming in at $5.36 and the highest estimate coming in at $5.59. Intuit reported earnings of $4.82 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The business is expected to issue its next earnings results on Tuesday, May 28th.

According to Zacks, analysts expect that Intuit will report full-year earnings of $6.55 per share for the current year, with EPS estimates ranging from $6.48 to $6.72. For the next financial year, analysts anticipate that the firm will post earnings of $7.44 per share, with EPS estimates ranging from $7.09 to $8.00. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Intuit.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 21st. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.44. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Intuit had a net margin of 22.89% and a return on equity of 53.70%. During the same period last year, the business earned $0.35 EPS.

A number of analysts have weighed in on the stock. Exane BNP Paribas assumed coverage on shares of Intuit in a research note on Friday. They set an “underperform” rating and a $200.00 price objective for the company. BNP Paribas assumed coverage on shares of Intuit in a research note on Friday. They set an “underperform” rating and a $200.00 price objective for the company. Oppenheimer raised their price objective on shares of Intuit from $254.00 to $269.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Intuit from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, March 25th. Finally, Zacks Investment Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Intuit has an average rating of “Hold” and an average price target of $229.62.

In related news, EVP Laura A. Fennell sold 67,488 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $251.43, for a total value of $16,968,507.84. Following the transaction, the executive vice president now owns 95,102 shares of the company’s stock, valued at $23,911,495.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mark J. Flournoy sold 5,939 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $251.18, for a total transaction of $1,491,758.02. Following the completion of the transaction, the vice president now directly owns 3,626 shares in the company, valued at approximately $910,778.68. The disclosure for this sale can be found here. In the last three months, insiders sold 90,609 shares of company stock worth $22,757,853. 4.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of INTU. Athena Capital Advisors LLC purchased a new position in Intuit during the fourth quarter valued at approximately $28,000. We Are One Seven LLC purchased a new position in Intuit during the fourth quarter valued at approximately $33,000. Berman Capital Advisors LLC purchased a new position in Intuit during the fourth quarter valued at approximately $34,000. Moody National Bank Trust Division purchased a new position in Intuit during the fourth quarter valued at approximately $35,000. Finally, Karp Capital Management Corp purchased a new position in Intuit during the fourth quarter valued at approximately $38,000. 87.66% of the stock is currently owned by institutional investors.

Shares of Intuit stock traded up $2.19 during trading on Friday, hitting $261.41. The company’s stock had a trading volume of 1,408,174 shares, compared to its average volume of 1,410,053. The firm has a market cap of $67.16 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 3.03 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. Intuit has a 52 week low of $166.51 and a 52 week high of $261.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 10th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, April 9th. Intuit’s payout ratio is 41.50%.

Intuit Company Profile

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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