ABMN Staff at American Bankings News writes: Shares of Intuit (NASDAQ:INTU) reached a new 52-week high on Wednesday , American Banking and Market Newsreports. The company
traded as high as $87.31 and last traded at $86.70, with a volume of 946,755 shares changing hands. The stock had previously closed at $85.42.
traded as high as $87.31 and last traded at $86.70, with a volume of 946,755 shares changing hands. The stock had previously closed at $85.42.
A number of research firms have recently commented on INTU. Analysts at RBC Capital initiated coverage on shares of Intuit in a research note on Monday, September 15th. They set an “outperform” rating and a $105.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Intuit from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 27th. They now have a $80.60 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday, August 22nd. They now have a $100.00 price target on the stock, up previously from $89.00. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Intuit currently has an average rating of “Hold” and a consensus target price of $82.85.
firms have recently commented on INTU. Analysts at RBC Capital initiated coverage on shares of Intuit in a research note on Monday, September 15th. They set an “outperform” rating and a $105.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Intuit from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 27th. They now have a $80.60 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Intuit in a research note on Friday, August 22nd. They now have a $100.00 price target on the stock, up previously from $89.00. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Intuit currently has an average rating of “Hold” and a consensus target price of $82.85.
The stock’s 50-day moving average is $83.57 and its 200-day moving average is $79.84. The company has a market cap of $24.725 billion and a price-to-earnings ratio of 27.40.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. Intuit’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Intuit will post $2.48 EPS for the current fiscal year.
results on Thursday, August 21st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. Intuit’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Intuit will post $2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 20th. Shareholders of record on Friday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $0.19.
of 1.17%. The ex-dividend date of this dividend is Wednesday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $0.19.
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