Intuit (NASDAQ:INTU) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $7.50-7.60 for the period, compared to the Thomson Reuters consensus estimate of $7.54. The company issued revenue guidance of $7.44-7.54 billion, compared to the consensus revenue estimate of $7.44 billion.Intuit also updated its Q1 2020 guidance to $0.23-0.25 EPS.
INTU has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Intuit from a buy rating to a hold rating and set a $268.00 target price on the stock. in a research report on Wednesday, May 29th. ValuEngine cut shares of Intuit from a strong-buy rating to a buy rating in a research report on Friday, April 26th. Credit Suisse Group boosted their target price on shares of Intuit from $260.00 to $265.00 and gave the stock an outperform rating in a research report on Friday, May 24th. BidaskClub raised shares of Intuit from a buy rating to a strong-buy rating in a research report on Tuesday, July 9th. Finally, UBS Group boosted their target price on shares of Intuit from $245.00 to $260.00 and gave the stock a neutral rating in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Intuit currently has an average rating of Buy and a consensus target price of $254.15.
INTU traded down $0.53 on Thursday, reaching $275.71. The company had a trading volume of 1,406,522 shares, compared to its average volume of 1,419,328. Intuit has a one year low of $182.61 and a one year high of $284.97. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $71.09 billion, a P/E ratio of 60.86, a PEG ratio of 2.75 and a beta of 1.10. The company has a fifty day moving average of $276.26 and a 200-day moving average of $257.27.
Intuit (NASDAQ:INTU) last released its earnings results on Thursday, May 23rd. The software maker reported $5.55 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.43. Intuit had a return on equity of 52.65% and a net margin of 24.34%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the company posted $4.82 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. Research analysts predict that Intuit will post 5.49 EPS for the current year.
In other news, CFO Michelle M. Clatterbuck sold 10,628 shares of Intuit stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $256.27, for a total transaction of $2,723,637.56. Following the completion of the sale, the chief financial officer now owns 10,628 shares of the company’s stock, valued at $2,723,637.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott D. Cook sold 103,817 shares of Intuit stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $258.59, for a total transaction of $26,846,038.03. The disclosure for this sale can be found here. Insiders have sold 277,296 shares of company stock valued at $72,342,898 in the last ninety days. Insiders own 4.60% 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, 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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