Intuit (INTU) Updates FY19 Earnings Guidance

Intuit (NASDAQ:INTU) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.40-6.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.48. The company issued revenue guidance of $6.53-6.63 billion, compared to the consensus revenue estimate of $6.61 billion.Intuit also updated its Q1 guidance to $0.09-0.11 EPS.

NASDAQ INTU opened at $222.18 on Thursday. The company has a market capitalization of $57.41 billion, a PE ratio of 49.05, a PEG ratio of 2.35 and a beta of 1.21. Intuit has a 1-year low of $140.21 and a 1-year high of $229.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.16.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 23rd. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The business had revenue of $988.00 million for the quarter, compared to the consensus estimate of $952.67 million. Intuit had a return on equity of 67.39% and a net margin of 20.31%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. research analysts predict that Intuit will post 5.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Wednesday, October 10th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Tuesday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $0.39. Intuit’s dividend payout ratio (DPR) is 34.44%.

INTU has been the topic of several research reports. Bank of America raised their target price on Intuit from $204.00 to $227.00 and gave the company a buy rating in a research report on Monday, June 11th. Stifel Nicolaus upgraded Intuit from a hold rating to a buy rating and raised their target price for the company from $197.00 to $240.00 in a research report on Monday, June 18th. BidaskClub downgraded Intuit from a strong-buy rating to a buy rating in a research report on Tuesday, June 26th. Zacks Investment Research cut Intuit from a buy rating to a hold rating in a report on Tuesday, July 24th. Finally, Argus increased their price target on Intuit from $225.00 to $250.00 in a report on Tuesday, July 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Intuit has an average rating of Hold and an average price target of $216.94.

In other Intuit news, Director Dennis D. Powell sold 4,554 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $215.05, for a total transaction of $979,337.70. Following the completion of the sale, the director now owns 4,083 shares of the company’s stock, valued at $878,049.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Scott D. Cook sold 100,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $211.66, for a total value of $21,166,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 622,236 shares of company stock valued at $137,883,071. Insiders own 5.59% of the company’s stock.

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 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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Earnings History and Estimates for Intuit (NASDAQ:INTU)

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