Wall Street brokerages predict that Intuit Inc. (NASDAQ:INTU) will announce $5.41 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Intuit’s earnings, with estimates ranging from $5.36 to $5.59. Intuit reported earnings of $4.82 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, May 23rd.

According to Zacks, analysts expect that Intuit will report full year earnings of $6.57 per share for the current year, with EPS estimates ranging from $6.48 to $6.72. For the next year, analysts expect that the company will report earnings of $7.45 per share, with EPS estimates ranging from $7.09 to $8.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Intuit.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 21st. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.44. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Intuit had a net margin of 22.89% and a return on equity of 53.70%. During the same quarter last year, the company posted $0.35 EPS.

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. KeyCorp lowered their price objective on shares of Intuit from $285.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. Exane BNP Paribas began coverage on shares of Intuit in a research report on Friday, March 29th. They issued an “underperform” rating and a $200.00 price objective for the company. ValuEngine cut shares of Intuit from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada raised their price objective on shares of Intuit from $274.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $243.58.

In other news, Director Dennis D. Powell sold 4,083 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $248.96, for a total value of $1,016,503.68. Following the transaction, the director now owns 3,550 shares of the company’s stock, valued at approximately $883,808. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Alexander Chriss sold 923 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $247.10, for a total transaction of $228,073.30. The disclosure for this sale can be found here. Insiders sold a total of 90,609 shares of company stock worth $22,757,853 in the last ninety days. Insiders own 4.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. SEI Investments Co boosted its stake in Intuit by 10.2% during the 1st quarter. SEI Investments Co now owns 248,034 shares of the software maker’s stock worth $64,863,000 after acquiring an additional 22,952 shares during the last quarter. Institute for Wealth Management LLC. bought a new position in Intuit during the 1st quarter worth approximately $328,000. Oxford Asset Management LLP boosted its stake in Intuit by 16.6% during the 1st quarter. Oxford Asset Management LLP now owns 4,304 shares of the software maker’s stock worth $1,125,000 after acquiring an additional 612 shares during the last quarter. Utah Retirement Systems boosted its stake in Intuit by 2.5% during the 1st quarter. Utah Retirement Systems now owns 46,628 shares of the software maker’s stock worth $12,189,000 after acquiring an additional 1,142 shares during the last quarter. Finally, National Pension Service boosted its stake in Intuit by 3.8% during the 1st quarter. National Pension Service now owns 263,488 shares of the software maker’s stock worth $68,878,000 after acquiring an additional 9,660 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors.

Shares of Intuit stock traded up $2.15 during mid-day trading on Wednesday, reaching $243.14. 853,148 shares of the stock were exchanged, compared to its average volume of 1,541,607. The stock has a market capitalization of $61.38 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 2.76 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. Intuit has a fifty-two week low of $182.61 and a fifty-two week high of $272.14.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Wednesday, April 10th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 41.50%.

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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