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Company Update: Intuit Inc (NASDAQ:INTU) – Internet Brands to Acquire Demandforce

[Marketwired] – Internet Brands today announced it will acquire Demandforce, a leading marketing software service provider, from Intuit . The acquisition will bolster Internet Brands’ rapidly growing presence in the SMB … Read more on this. Intuit Inc. (INTU) , with a current market cap of $24.27B, started trading this morning at $91.43. Looking at the stock, its one day range is $90.59 to $92.93 with a one year range of $79.63 to $109.21. Intuit (INTU) shares are currently priced at 27.10x 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 those looking to make a return holding the stock, 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. The full-year EPS estimate is $3.48 which would be a $0.89 better than last year’s full-year earnings. 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. 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. When considering if perhaps the stock is under or overvalued, the average price target is $103.64, which is 13.35% 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
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