Intuit (INTU) Posts Earnings Results, Beats Expectations By $0.14 EPS

Intuit (NASDAQ:INTU) posted its quarterly earnings results on Tuesday. The software maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.68 by $0.14, Bloomberg Earnings reports. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.86 billion. Intuit had a net margin of 17.48% and a return on equity of 72.52%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.90 earnings per share. Intuit updated its Q4 guidance to $0.22-0.24 EPS.

Shares of Intuit opened at $190.54 on Wednesday, Marketbeat.com reports. Intuit has a 12 month low of $127.39 and a 12 month high of $196.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $49.09 billion, a price-to-earnings ratio of 50.54, a P/E/G ratio of 2.66 and a beta of 1.13.

In other Intuit news, EVP Henry Tayloe Stansbury sold 9,666 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $171.59, for a total transaction of $1,658,588.94. Following the transaction, the executive vice president now owns 6,242 shares in the company, valued at $1,071,064.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Scott D. Cook sold 159,556 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $170.26, for a total value of $27,166,004.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 849,809 shares of company stock worth $147,885,200. Corporate insiders own 5.59% of the company’s stock.

INTU has been the topic of several recent research reports. Deutsche Bank raised their price objective on shares of Intuit from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Bank of America raised their price objective on shares of Intuit from $172.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Argus raised their price objective on shares of Intuit from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, February 26th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating and set a $220.00 price objective on shares of Intuit in a research report on Monday, April 23rd. Finally, Zacks Investment Research raised shares of Intuit from a “hold” rating to a “buy” rating and set a $209.00 price objective on the stock in a research report on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. Intuit currently has an average rating of “Hold” and an average target price of $178.72.

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.

Earnings History for Intuit (NASDAQ:INTU)

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