Intuit (INTU) Releases Q4 2019 Earnings Guidance

Intuit (NASDAQ:INTU) updated its fourth quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $-0.16–0.14 for the period, compared to the Thomson Reuters consensus estimate of $-0.14. The company issued revenue guidance of $1.0868-1.10656 billion, compared to the consensus revenue estimate of $903.98 million.Intuit also updated its FY 2019 guidance to $6.67-6.69 EPS.

Several research firms have commented on INTU. Morgan Stanley reduced their price objective on Intuit from $245.00 to $239.00 and set an equal weight rating on the stock in a report on Thursday, May 16th. BidaskClub upgraded Intuit from a hold rating to a buy rating in a report on Thursday, May 9th. ValuEngine downgraded Intuit from a strong-buy rating to a buy rating in a report on Friday, April 26th. KeyCorp reduced their price objective on Intuit from $285.00 to $280.00 and set an overweight rating on the stock in a report on Friday, April 26th. Finally, Deutsche Bank raised their price objective on Intuit from $270.00 to $280.00 and gave the stock a buy rating in a report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $243.26.

Shares of NASDAQ:INTU traded down $6.22 on Thursday, reaching $241.31. The company had a trading volume of 1,425,744 shares, compared to its average volume of 1,515,756. Intuit has a 52-week low of $182.61 and a 52-week high of $272.14. The company has a market capitalization of $63.75 billion, a PE ratio of 53.27, a P/E/G ratio of 2.87 and a beta of 1.14. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 21st. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.44. Intuit had a return on equity of 53.70% and a net margin of 22.89%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $0.35 EPS. Research analysts predict that Intuit will post 5.3 EPS for the current year.

In other news, EVP Laura A. Fennell sold 67,488 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $251.43, for a total value of $16,968,507.84. Following the completion of the sale, the executive vice president now owns 95,102 shares of the company’s stock, valued at approximately $23,911,495.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kerry J. Mclean sold 12,176 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $250.74, for a total value of $3,053,010.24. Following the completion of the sale, the senior vice president now directly owns 14,710 shares of the company’s stock, valued at approximately $3,688,385.40. The disclosure for this sale can be found here. Insiders sold a total of 90,609 shares of company stock valued at $22,757,853 in the last three months. Insiders own 4.60% of the company’s stock.

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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, 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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