Analysts Anticipate Intuit (INTU) to Announce $4.61 EPS

Brokerages expect that Intuit (NASDAQ:INTU) will announce earnings of $4.61 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Intuit’s earnings. The highest EPS estimate is $4.70 and the lowest is $4.57. Intuit posted earnings of $3.90 per share during the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 22nd.

On average, analysts expect that Intuit will report full year earnings of $5.35 per share for the current year, with EPS estimates ranging from $5.28 to $5.39. For the next year, analysts expect that the business will post earnings of $6.37 per share, with EPS estimates ranging from $6.14 to $6.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Intuit.

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Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Intuit had a return on equity of 72.52% and a net margin of 17.48%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.26 EPS. The company’s revenue was up 14.7% compared to the same quarter last year.

A number of research analysts have recently weighed in on the company. JPMorgan Chase increased their price objective on Intuit to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 4th. Deutsche Bank increased their price objective on Intuit from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, February 12th. Bank of America increased their price objective on Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Citigroup reissued a “hold” rating and issued a $170.00 price objective (up from $157.00) on shares of Intuit in a report on Monday, January 29th. Finally, Oppenheimer increased their price objective on Intuit from $166.00 to $181.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Intuit currently has a consensus rating of “Hold” and an average target price of $167.05.

In other Intuit news, insider Scott D. Cook sold 259,205 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $171.72, for a total transaction of $44,510,682.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Scott D. Cook sold 214,272 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $177.94, for a total value of $38,127,559.68. The disclosure for this sale can be found here. Insiders sold 849,809 shares of company stock worth $147,885,200 in the last 90 days. Company insiders own 5.59% of the company’s stock.

A number of hedge funds have recently modified their holdings of INTU. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of Intuit by 1.0% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 31,600 shares of the software maker’s stock worth $4,986,000 after buying an additional 300 shares during the last quarter. Bessemer Group Inc. raised its stake in Intuit by 11.9% in the 4th quarter. Bessemer Group Inc. now owns 3,070 shares of the software maker’s stock valued at $484,000 after acquiring an additional 326 shares during the period. Koch Industries Inc. raised its stake in Intuit by 16.0% in the 4th quarter. Koch Industries Inc. now owns 2,535 shares of the software maker’s stock valued at $400,000 after acquiring an additional 349 shares during the period. LS Investment Advisors LLC raised its stake in Intuit by 5.5% in the 4th quarter. LS Investment Advisors LLC now owns 6,886 shares of the software maker’s stock valued at $1,086,000 after acquiring an additional 359 shares during the period. Finally, Penserra Capital Management LLC raised its stake in Intuit by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the software maker’s stock valued at $375,000 after acquiring an additional 374 shares during the period. Institutional investors own 87.14% of the company’s stock.

NASDAQ:INTU traded up $1.87 during mid-day trading on Thursday, hitting $173.46. 247,737 shares of the company’s stock traded hands, compared to its average volume of 1,463,059. Intuit has a twelve month low of $115.62 and a twelve month high of $179.30. The firm has a market capitalization of $43,874.39, a P/E ratio of 45.99, a P/E/G ratio of 2.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.63 and a quick ratio of 0.63.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.90%. Intuit’s payout ratio is 41.38%.

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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 and internationally. The company's Small Business segment provides small business payroll products and services, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies.

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