Intuit (INTU) Up 6% Following Earnings Beat

Intuit Inc. (INTU) reported second quarter 2015 non-GAAP EPS of ($0.06) after the close Thursday, compared to the consensus estimate of ($0.13). Revenues increased 3.3% from last year to $808 million. Analysts expected revenues of $786.65 million. The stock is now up $5.39, or 6%, to $96.49.

“We delivered a strong quarter, exceeding our company financial targets across the board. Our small business online ecosystem momentum continues to build, with steady subscriber growth again this quarter,” company CEO Brad Smith said in a statement.

For Q3’15, INTU provided EPS guidance of $2.70-2.75 versus consensus of $2.88 per share. The company also issued revenue projection of $2.075-2.15 billion, compared to the consensus revenue estimate of $2.22 billion.

On valuation measures, Intuit Inc. shares, which currently have an average 3-month trading volume of 1.78 million shares, trade at a trailing-12 P/E of 31.66, a forward P/E of 24.49 and a P/E to growth ratio of 2.76. The median Wall Street price target on the name is $98.00 with a high target of $110.00. Currently ticker boasts 8 ‘Buy’ endorsements, compared to 9 ’Holds’ and 2 ‘Sell’.

Profitability-wise, INTU has a t-12 profit and operating margin of 18.31% and 28.03%, respectively. The $26.01 billion market cap company reported $1.59 billion in cash vs. $499.00 million in debt in its most recent quarter.

INTU currently prints a one year return of 25.44%, and a year-to-date loss of 0.89%.

The chart below shows where the equity has traded over the last 52 weeks.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals in the U.S., Canada, UK, Australia, India, and Singapore. The company was founded in 1983 and is headquartered in Mountain View, California.

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