Intuit (INTU) Issues FY 2019 Earnings Guidance
Intuit (NASDAQ:INTU) issued an update on its FY 2019 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 FY19 guidance to $6.40-6.50 EPS.
INTU stock opened at $199.24 on Tuesday. Intuit has a 12 month low of $150.43 and a 12 month high of $231.84. The firm has a market capitalization of $54.69 billion, a P/E ratio of 43.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.16.
Intuit (NASDAQ:INTU) last released its quarterly earnings results on Monday, November 19th. The software maker reported $0.29 EPS for the quarter, beating the 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $971.45 million. During the same quarter in the prior year, the firm earned $0.11 EPS. Intuit’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts forecast that Intuit will post 5.24 earnings per share for the current fiscal year.
In other Intuit news, CEO Brad D. Smith sold 254,325 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $227.66, for a total value of $57,899,629.50. Following the transaction, the chief executive officer now directly owns 415,445 shares of the company’s stock, valued at approximately $94,580,208.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Scott D. Cook sold 100,000 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $211.66, for a total transaction of $21,166,000.00. The disclosure for this sale can be found here. Insiders sold a total of 622,236 shares of company stock worth $137,883,071 over the last three months. 5.59% of the stock is currently owned by corporate insiders.
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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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