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Stock Update (NASDAQ:INTU): Intuit Announces Annual Stockholder Meeting

[Business Wire] – Intuit Inc. is scheduled to hold its annual stockholder meeting on Thursday, Jan. 21 at 8 a.m. Pacific time at its Mountain View, Calif., headquarters. Read more on this. Intuit Inc. (INTU) , with a current market cap of $24.90B, opened at $92.31. Today’s price range has been between $91.14 and $95.47 per share with a one year range of $79.63 to $109.21. Intuit (INTU) shares are currently priced at 27.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.42x earnings multiple for the same period. And for income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 1.28%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.19 per share, which would be $0.19 worse than the year-ago quarter and a $0.15 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $3.48 would be 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. In terms of ratings, First Analysis Sec downgraded INTU from Equal-Weight to Underweight (Aug 21, 2015). Previously, Deutsche Bank upgraded INTU from Hold to Buy. With the above information in mind, readers should note that the average price target is $103.64, which is 12.27% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Stock Update: Intuit Inc (NASDAQ:INTU) – Intuit Reaches Highest Level Since Q4 Miss Stock Update: Intuit Inc (NASDAQ:INTU) – Intuit and Fundbox Partner to Tackle #1 Pain Point Faced by Small Businesses: Cash Flow Market Update: Intuit Inc (NASDAQ:INTU) – Intuit to Host Annual Investor Day on Sept. 17
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