Intuit (INTU) Expected to Announce Earnings on Tuesday

Intuit (NASDAQ:INTU - Get Free Report) is projected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $2.59 per share and revenue of $3.83 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts expect Intuit to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Intuit Trading Down 2.4 %

NASDAQ:INTU traded down $13.61 during mid-day trading on Friday, hitting $565.47. The company had a trading volume of 2,006,382 shares, compared to its average volume of 1,767,831. Intuit has a fifty-two week low of $557.29 and a fifty-two week high of $714.78. The business's fifty day moving average is $612.23 and its two-hundred day moving average is $628.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $158.29 billion, a P/E ratio of 54.90, a P/E/G ratio of 2.87 and a beta of 1.24.

Insider Activity at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,864 shares in the company, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott D. Cook sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the transaction, the insider now owns 6,378,105 shares of the company's stock, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 293,014 shares of company stock valued at $188,992,187. 2.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on INTU shares. Scotiabank started coverage on Intuit in a research note on Monday, November 18th. They issued a "sector perform" rating and a $700.00 target price on the stock. Barclays cut their target price on Intuit from $800.00 to $775.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Stifel Nicolaus dropped their price target on Intuit from $795.00 to $725.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Finally, Redburn Atlantic started coverage on Intuit in a research report on Wednesday. They set a "neutral" rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus target price of $726.53.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.