Intuit Inc. (INTU) Forecasted to Post Q1 2018 Earnings of ($0.20) Per Share
Intuit Inc. (NASDAQ:INTU) – Equities researchers at William Blair issued their Q1 2018 earnings estimates for Intuit in a report released on Monday. William Blair analyst M. Pfau expects that the software maker will earn ($0.20) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Intuit’s Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $4.11 EPS, FY2018 earnings at $3.95 EPS and FY2019 earnings at $4.54 EPS.
Several other brokerages have also recently weighed in on INTU. Wells Fargo & Company raised Intuit from a “market perform” rating to an “outperform” rating and set a $163.00 target price for the company in a research note on Thursday. Stifel Nicolaus raised their target price on Intuit from $115.00 to $132.00 and gave the company a “hold” rating in a research note on Wednesday, May 24th. First Analysis raised Intuit from an “underweight” rating to an “equal weight” rating and set a $128.00 target price for the company in a research note on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $141.00 target price on shares of Intuit in a research note on Thursday, August 24th. Finally, Zacks Investment Research raised Intuit from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Monday, August 28th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Intuit has an average rating of “Buy” and a consensus target price of $142.74.
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Intuit (NASDAQ INTU) traded down 0.20% during midday trading on Thursday, hitting $144.68. 217,363 shares of the company traded hands. Intuit has a 12-month low of $103.22 and a 12-month high of $146.04. The stock has a 50 day moving average of $138.84 and a 200 day moving average of $131.54. The stock has a market cap of $36.89 billion, a P/E ratio of 38.89 and a beta of 1.15.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. Intuit had a net margin of 18.76% and a return on equity of 82.43%. The business had revenue of $842.00 million for the quarter, compared to analyst estimates of $808.82 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the stock. Comgest Global Investors S.A.S. raised its stake in shares of Intuit by 2.4% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 439,976 shares of the software maker’s stock valued at $58,433,000 after acquiring an additional 10,400 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd raised its stake in shares of Intuit by 2,125.0% in the 1st quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 44,500 shares of the software maker’s stock valued at $5,162,000 after acquiring an additional 42,500 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Intuit by 218.4% in the 2nd quarter. Schroder Investment Management Group now owns 229,027 shares of the software maker’s stock valued at $30,483,000 after acquiring an additional 157,101 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Intuit by 0.5% in the 1st quarter. Guardian Life Insurance Co. of America now owns 940 shares of the software maker’s stock valued at $109,000 after acquiring an additional 5 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Intuit by 0.3% in the 2nd quarter. State Treasurer State of Michigan now owns 79,984 shares of the software maker’s stock valued at $10,623,000 after acquiring an additional 200 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO R Neil Williams sold 184,585 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $141.11, for a total value of $26,046,789.35. Following the transaction, the chief financial officer now directly owns 64,620 shares of the company’s stock, valued at approximately $9,118,528.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Scott D. Cook sold 183,334 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $135.22, for a total value of $24,790,423.48. The disclosure for this sale can be found here. Insiders have sold a total of 872,901 shares of company stock valued at $120,440,104 over the last ninety days. Company insiders own 5.70% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, October 6th. This is an increase from Intuit’s previous quarterly dividend of $0.34. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.08%. Intuit’s dividend payout ratio (DPR) is 36.56%.
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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