Market Update: Intuit Inc (NASDAQ:INTU) – TurboTax Delivers Smart, Effortless Tax Preparation and Your Maximum Refund Guaranteed

[Business Wire] – TurboTax® 2015 is bringing innovation back to tax preparation. Products for the new tax year combine technology innovations with a sleek, intuitive design to deliver a smarter, more personalized and worry-free tax filing experience. Read more on this. Intuit Inc. (INTU) , currently valued at $24.84B, opened this morning at $94.50. Looking at today’s trading action, the company’s one day range from $93.24 to $96.43 and has traded between $79.63 and $109.21 over the past year. Intuit (INTU) shares are currently priced at 27.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.71x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.20 per share annually in dividends, yielding 1.27%. According to a consensus of 17 analysts, the earnings estimate of $0.19 per share would be $0.19 worse than the year-ago quarter and a $0.15 sequential increase. What we find to be interesting is that the full-year EPS estimate of $3.48 is a $0.89 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $893.48 Million. If realized, 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. The average price target for INTU shares by the analysts covering it is $103.64, which is 9.67% above where the stock opened. See more in (NASDAQ:INTU) Similar Articles: Stock Update: Intuit Inc (NASDAQ:INTU) – New TurboTax Ads Playfully Erase Consumers’ Self Doubt When Doing Their Own Taxes 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