Intuit (INTU) to Release Earnings on Thursday

Intuit (NASDAQ:INTU) is scheduled to issue its quarterly earnings data after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Monday, November 19th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.18. Intuit had a net margin of 20.71% and a return on equity of 56.35%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $971.45 million. During the same period in the prior year, the firm earned $0.11 EPS. Intuit’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, analysts expect Intuit to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Intuit stock opened at $228.59 on Thursday. The firm has a market capitalization of $59.42 billion, a price-to-earnings ratio of 50.46, a P/E/G ratio of 2.62 and a beta of 1.16. Intuit has a fifty-two week low of $158.13 and a fifty-two week high of $231.84. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.13.

The company also recently announced a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Thursday, January 10th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 41.50%.

In other Intuit news, CEO Brad D. Smith sold 22,418 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $205.63, for a total value of $4,609,813.34. Following the transaction, the chief executive officer now owns 292,520 shares of the company’s stock, valued at $60,150,887.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sasan K. Goodarzi sold 85,835 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $196.74, for a total value of $16,887,177.90. Following the completion of the transaction, the executive vice president now directly owns 90,837 shares in the company, valued at approximately $17,871,271.38. The disclosure for this sale can be found here. In the last three months, insiders sold 347,207 shares of company stock worth $68,710,900. 4.60% of the stock is owned by corporate insiders.

INTU has been the topic of several recent research reports. Deutsche Bank reduced their target price on shares of Intuit from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Royal Bank of Canada boosted their target price on shares of Intuit to $234.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 20th. BidaskClub downgraded shares of Intuit from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Argus reduced their target price on shares of Intuit from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Finally, JPMorgan Chase & Co. cut shares of Intuit from a “neutral” rating to an “underweight” rating and set a $205.00 price objective for the company. in a research report on Thursday, December 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $225.63.

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About Intuit

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 for Intuit (NASDAQ:INTU)

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