Intuit (INTU) to Release Quarterly Earnings on Tuesday May 20, 2014

Max Byerly for TicketReport.com writes: Intuit (NASDAQ:INTU) is scheduled to be announcing its Q314 earnings results on Tuesday, May 20th. Analysts expect the company to announce earnings of $3.50 per share and revenue of $2.38 billion for the quarter. Intuit has set its Q3 guidance at $3.46 to $3.51 EPS and its FY14 guidance at $3.52 to $3.60 EPS.Investors that wish to listen to the company’s conference call can do so using this link. 

 

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.12. The company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $778.88 million. On average, analysts expect Intuit to post $3.58 EPS for the current fiscal year and $4.00 EPS for the next fiscal year. 

Intuit (NASDAQ:INTU) opened at 75.51 on Monday. Intuit has a 52 week low of $56.74 and a 52 week high of $82.40. The stock’s 50-day moving average is $75.29 and its 200-day moving average is $75.24. The company has a market cap of $21.393 billion and a P/E ratio of 28.85.  INTU has been the subject of a number of recent research reports. Analysts at Evercore Partners upgraded shares of Intuit from an “underweight” rating to an “equal weight” rating in a research note on Friday. They now have a $72.00 price target on the stock, up previously from $62.00. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Intuit has an average rating of “Hold” and an average target price of $75.91.

Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.