Intuit (NASDAQ:INTU) Announces Earnings Results, Misses Estimates By $0.51 EPS

Intuit (NASDAQ:INTU) announced its quarterly earnings data on Tuesday. The software maker reported $2.07 EPS for the quarter, missing the consensus estimate of $2.58 by ($0.51), Zacks reports. Intuit had a net margin of 17.59% and a return on equity of 18.25%.

Intuit Price Performance

NASDAQ:INTU traded down $11.61 during trading hours on Tuesday, hitting $555.63. 2,941,713 shares of the stock traded hands, compared to its average volume of 1,785,266. The company has a market cap of $155.53 billion, a price-to-earnings ratio of 53.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. Intuit has a 1 year low of $553.24 and a 1 year high of $714.78. The stock has a 50 day moving average price of $610.15 and a 200 day moving average price of $628.07. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 109 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the sale, the chief financial officer now owns 1,944 shares in the company, valued at approximately $1,221,804. This represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott D. Cook sold 73,655 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the completion of the transaction, the insider now owns 6,301,286 shares in the company, valued at $4,189,977,112.84. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 218,014 shares of company stock valued at $140,855,687 over the last three months. Corporate insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on INTU. Jefferies Financial Group increased their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Barclays reduced their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank assumed coverage on shares of Intuit in a research note on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price target for the company. Finally, BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $726.71.

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.