Market Update: Intuit Inc (NASDAQ:INTU) – 70 Percent of Uninsured Taxpayers Claim Health Care Exemption Saving up to $1000

[Business Wire] – Nearly three in four uninsured TurboTax filers claimed an exemption from the individual health care mandate tax penalty as of Jan. 31, according to new data from TurboTax®, the nation ’s leading online tax preparation service from Intuit Inc. Read more on this. Intuit Inc. (INTU) , valued at $25.73B, started trading this morning at $97.54. Looking at the stock , its one day range is $96.24 to $98.12 and has traded between $79.63 and $109.21 over the past 12 months. INTU shares are currently priced at 28.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.67x earnings multiple. The company pays shareholders $1.20 per share in dividend income per year, for a current yield of 1.23%. 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 $0.00 sequential decrease. 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 predicated on a consensus revenue forecast of $893.23 Million. If reported, that would be a 10.55% 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. The average price target for INTU shares by the analysts covering the stock is $102.86, which is 5.45% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Stock Update (NASDAQ:INTU): CORRECTING and REPLACING Intuit, Stride Health Partnership Simplifies Health Insurance Coverage, Tax Planning for Freelance Workers 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