Company Update (NASDAQ:INTU): Intuit Announces Security Enhancements for Its Professional Tax Products

[Business Wire] – As part of its continuing commitment to work with the IRS, states and industry to combat tax fraud, Intuit Inc. today announced security enhancements across its suite of professional tax products, including Intuit Tax Online, ProSeries and Lacerte, and provided tips to help tax professionals safeguard themselves and the clients they serve. Read more on this. Intuit Inc. (INTU) , currently valued at $25.37B, started trading this morning at $94.43. Looking at today’s trading action, the company’s one day range from $94.16 to $96.38 with a trailing 52-week range being $79.63 to $109.21. INTU shares are currently priced at 27.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.55x earnings multiple. The company pays shareholders $1.20 per share in dividend income per year, for a current yield of 1.24%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $0.19 per share, which would be $0.19 worse than the year-ago quarter and a $0.15 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $3.48, which would be a $0.89 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $893.48 Million. If reported, that would be a 10.58% increase over the year-ago quarter. More recently, First Analysis Sec downgraded INTU from Equal-Weight to Underweight (Aug 21, 2015). Previously, Deutsche Bank upgraded INTU from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $103.64, which is 9.75% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Company Update: Intuit Inc (NASDAQ:INTU) – Intuit Rolls out Product Innovations to Fuel Small Business Success at QuickBooks Connect Market Update: Intuit Inc (NASDAQ:INTU) – Intuit Launches Product to Help Companies Optimize On-Demand Workforces Market Update: Intuit Inc (NASDAQ:INTU) – Intuit to Host Annual Investor Day on Sept. 17