Equities analysts forecast that Intuit Inc. (NASDAQ:INTU – Get Rating) will report sales of $2.35 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Intuit’s earnings. The lowest sales estimate is $2.34 billion and the highest is $2.36 billion. Intuit reported sales of $2.56 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.2%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Intuit will report full-year sales of $12.26 billion for the current fiscal year, with estimates ranging from $12.23 billion to $12.30 billion. For the next financial year, analysts anticipate that the company will post sales of $14.07 billion, with estimates ranging from $13.77 billion to $14.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Intuit.
Intuit (NASDAQ:INTU – Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The software maker reported $7.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.58 by $0.07. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.51 billion. Intuit had a net margin of 19.03% and a return on equity of 20.37%. The business’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.45 EPS.
Shares of NASDAQ:INTU opened at $406.42 on Friday. The company’s 50-day moving average is $435.66 and its 200 day moving average is $525.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $114.94 billion, a P/E ratio of 51.84, a price-to-earnings-growth ratio of 2.89 and a beta of 1.16. Intuit has a fifty-two week low of $339.36 and a fifty-two week high of $716.86.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 18th. Investors of record on Monday, July 11th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, July 8th. Intuit’s dividend payout ratio (DPR) is 34.69%.
In other Intuit news, EVP Laura A. Fennell sold 59,286 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $475.03, for a total value of $28,162,628.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Alexander Chriss sold 368 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $478.84, for a total value of $176,213.12. The disclosure for this sale can be found here. 3.27% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in INTU. JNBA Financial Advisors purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. Castleview Partners LLC purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. Mascoma Wealth Management LLC boosted its stake in shares of Intuit by 3,900.0% during the fourth quarter. Mascoma Wealth Management LLC now owns 40 shares of the software maker’s stock valued at $26,000 after purchasing an additional 39 shares during the period. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $26,000. Finally, San Luis Wealth Advisors LLC purchased a new stake in shares of Intuit during the first quarter valued at approximately $26,000. 83.42% of the stock is owned by hedge funds and other institutional investors.
About Intuit (Get Rating)
Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect.
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