Intuit (NASDAQ:INTU) issued an update on its FY19 earnings guidance on Monday morning. The company provided EPS guidance of $6.40-6.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.48. The company issued revenue guidance of $6.53-6.63 billion, compared to the consensus revenue estimate of $6.61 billion.Intuit also updated its FY 2019 guidance to $6.40-6.50 EPS.

Shares of INTU stock traded down $12.20 on Monday, hitting $199.24. 3,061,370 shares of the company’s stock traded hands, compared to its average volume of 1,477,998. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.14 and a current ratio of 1.14. Intuit has a one year low of $150.43 and a one year high of $231.84. The firm has a market cap of $54.69 billion, a P/E ratio of 43.98, a P/E/G ratio of 2.42 and a beta of 1.19.

Intuit (NASDAQ:INTU) last released its earnings results on Monday, November 19th. The software maker reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.18. Intuit had a net margin of 20.31% and a return on equity of 67.39%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $971.45 million. During the same quarter last year, the firm earned $0.11 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts forecast that Intuit will post 5.24 EPS for the current year.

Several equities analysts recently commented on INTU shares. BidaskClub raised shares of Intuit from a buy rating to a strong-buy rating in a report on Friday, August 31st. Credit Suisse Group increased their target price on shares of Intuit from $215.00 to $230.00 and gave the company an outperform rating in a report on Friday, August 24th. Guggenheim started coverage on shares of Intuit in a report on Tuesday, August 7th. They set a buy rating and a $250.00 target price on the stock. Zacks Investment Research lowered shares of Intuit from a buy rating to a hold rating in a report on Wednesday, August 29th. Finally, Barclays raised their price target on shares of Intuit from $204.00 to $219.00 and gave the stock an equal weight rating in a report on Friday, September 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Intuit currently has an average rating of Buy and a consensus target price of $224.29.

In other news, EVP Henry Tayloe Stansbury sold 3,651 shares of the firm’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $221.54, for a total value of $808,842.54. Following the completion of the sale, the executive vice president now directly owns 4,048 shares of the company’s stock, valued at approximately $896,793.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brad D. Smith sold 254,325 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $227.66, for a total transaction of $57,899,629.50. Following the completion of the sale, the chief executive officer now directly owns 415,445 shares of the company’s stock, valued at $94,580,208.70. The disclosure for this sale can be found here. In the last three months, insiders sold 622,236 shares of company stock worth $137,883,071. Insiders own 5.59% of the company’s stock.

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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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Earnings History and Estimates for Intuit (NASDAQ:INTU)

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