Intuit (NASDAQ:INTU) announced its quarterly earnings data on Thursday. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01, RTT News reports. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Intuit had a return on equity of 77.56% and a net margin of 18.62%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. Intuit updated its Q3 guidance to $4.57-4.62 EPS and its FY18 guidance to $5.30-5.40 EPS.
Intuit (INTU) traded down $1.22 on Thursday, hitting $172.10. The stock had a trading volume of 2,055,436 shares, compared to its average volume of 1,324,984. Intuit has a 52 week low of $114.80 and a 52 week high of $177.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $44,373.16, a P/E ratio of 45.65, a PEG ratio of 2.94 and a beta of 1.19.
In other news, Chairman Scott D. Cook sold 183,334 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $151.46, for a total transaction of $27,767,767.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Scott D. Cook sold 184,733 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $158.98, for a total value of $29,368,852.34. The disclosure for this sale can be found here. Insiders have sold a total of 687,595 shares of company stock valued at $107,334,732 over the last ninety days. Company insiders own 5.59% of the company’s stock.
Several brokerages recently issued reports on INTU. Bank of America increased their price objective on Intuit from $172.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays increased their price objective on Intuit from $157.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 13th. Deutsche Bank increased their price objective on Intuit from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Oppenheimer increased their price objective on Intuit from $166.00 to $181.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Citigroup reissued a “hold” rating and issued a $170.00 price objective (up from $157.00) on shares of Intuit in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $161.53.
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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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