Intuit (NASDAQ:INTU) released its quarterly earnings data on Thursday. The software maker reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16, RTT News reports. Intuit had a net margin of 22.79% and a return on equity of 42.32%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $0.29 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Intuit updated its Q2 guidance to $1.00-1.03 EPS and its FY20 guidance to $7.50-7.60 EPS.
Intuit stock opened at $259.81 on Friday. Intuit has a 52 week low of $182.61 and a 52 week high of $295.77. The company’s 50-day moving average price is $262.50 and its two-hundred day moving average price is $265.43. The stock has a market cap of $70.52 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 2.64 and a beta of 1.10. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.10.
In related news, SVP Jeffrey David Ayers sold 39,689 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $17.15, for a total transaction of $680,666.35. Also, SVP Kerry J. Mclean sold 20,543 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $277.05, for a total transaction of $5,691,438.15. Following the sale, the senior vice president now owns 25,170 shares of the company’s stock, valued at $6,973,348.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 285,279 shares of company stock valued at $68,553,645. Corporate insiders own 4.60% of the company’s stock.
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.
Featured Article: How to find the components of the quick ratio
Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.