Intuit (INTU) Issues Q2 Earnings Guidance

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Intuit (NASDAQ:INTU) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.85-0.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $1.47-1.49 billion, compared to the consensus revenue estimate of $1.46 billion.Intuit also updated its FY 2019 guidance to $6.40-6.50 EPS.

Shares of Intuit stock traded down $12.20 during trading hours on Monday, hitting $199.24. The company’s stock had a trading volume of 3,061,370 shares, compared to its average volume of 1,477,998. Intuit has a 1-year low of $150.43 and a 1-year high of $231.84. The firm has a market capitalization of $54.69 billion, a P/E ratio of 43.98, a PEG ratio of 2.42 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.16.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Monday, November 19th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.18. Intuit had a net margin of 20.31% and a return on equity of 67.39%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $971.45 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts expect that Intuit will post 5.24 EPS for the current fiscal year.

INTU has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Intuit to $240.00 and gave the company a market perform rating in a report on Friday, August 17th. BidaskClub lowered shares of Intuit from a strong-buy rating to a buy rating in a report on Tuesday, October 9th. Zacks Investment Research lowered shares of Intuit from a buy rating to a hold rating in a report on Tuesday, July 24th. Evercore ISI raised shares of Intuit from an in-line rating to an outperform rating in a report on Wednesday, October 3rd. Finally, Oppenheimer raised their price target on shares of Intuit from $224.00 to $239.00 and gave the company an outperform rating in a report on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $224.29.

In other Intuit news, Chairman Scott D. Cook sold 100,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $211.66, for a total transaction of $21,166,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brad D. Smith sold 254,325 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $227.66, for a total transaction of $57,899,629.50. Following the transaction, the chief executive officer now directly owns 415,445 shares of the company’s stock, valued at $94,580,208.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,236 shares of company stock valued at $137,883,071. 5.59% of the stock is owned by company insiders.

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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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