Intuit Inc. (INTU) Issues FY18 Earnings Guidance
Intuit Inc. (NASDAQ:INTU) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $4.90-5.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.97. The company issued revenue guidance of $5.64-5.74 billion, compared to the consensus revenue estimate of $5.69 billion.Intuit also updated its Q2 guidance to $0.31-0.34 EPS.
Shares of Intuit Inc. (NASDAQ:INTU) opened at $157.78 on Tuesday. Intuit Inc. has a twelve month low of $111.48 and a twelve month high of $158.90. The company has a market capitalization of $40,180.00, a PE ratio of 41.53, a P/E/G ratio of 2.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.73 and a quick ratio of 0.73.
Intuit (NASDAQ:INTU) last released its quarterly earnings data on Monday, November 20th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. Intuit had a return on equity of 82.43% and a net margin of 18.76%. The company had revenue of $886.00 million during the quarter, compared to the consensus estimate of $855.74 million. During the same period last year, the company earned $0.06 EPS. Intuit’s revenue for the quarter was up 13.9% on a year-over-year basis. analysts predict that Intuit Inc. will post 4.03 earnings per share for the current fiscal year.
INTU has been the subject of a number of recent research reports. Citigroup Inc. boosted their price target on Intuit to $170.00 in a research note on Tuesday. Argus initiated coverage on Intuit in a research note on Wednesday, September 20th. They set a buy rating and a $165.00 price target for the company. Moffett Nathanson initiated coverage on Intuit in a research note on Thursday, September 7th. They set a buy rating and a $150.00 price target for the company. Zacks Investment Research upgraded Intuit from a hold rating to a buy rating and set a $152.00 price target for the company in a research note on Monday, August 28th. Finally, Jefferies Group LLC initiated coverage on Intuit in a research note on Thursday, August 24th. They set a buy rating and a $157.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $152.17.
In other Intuit news, CFO R Neil Williams sold 184,585 shares of the company’s stock in a transaction 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 owns 64,620 shares of the company’s stock, valued at approximately $9,118,528.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott D. Cook sold 182,037 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $135.20, for a total value of $24,611,402.40. The disclosure for this sale can be found here. Insiders sold a total of 1,084,194 shares of company stock worth $151,162,540 in the last ninety days. 5.70% of the stock is currently owned by corporate insiders.
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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