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Stock Update (NASDAQ:INTU): Intuit Reports Strong Consumer Tax Unit Growth; TurboTax Online Units Increased 12 Percent Season-to-Date

[ Business Wire] – Intuit Inc. today released the first of two seasonal updates for its fiscal year 2016 consumer tax offerings. Through Feb. 20, sales of TurboTax Online units grew 12 percent versus the comparable prior-year period. Read more on this. Intuit Inc. (INTU) , with a current market cap of $26.42B, started trading this morning at $99.10. Looking at the stock , its one day range is $97.94 to $100.16 and has traded between $79.63 and $109.21 over the past year. INTU shares are currently priced at 28.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.75x earnings multiple. And for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 1.23%. 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 $0.00 sequential decrease. The full-year EPS estimate is $3.48, which would be a $0.89 better than last year. 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. 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 is $102.86, which is 3.79% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Stock Update: Intuit Inc (NASDAQ:INTU) – File Today With TurboTax and Get Your Maximum Refund Market Update: Intuit Inc (NASDAQ:INTU) – TurboTax Delivers Smart, Effortless Tax Preparation and Your Maximum Refund Guaranteed Stock Update: Intuit Inc (NASDAQ:INTU) – New TurboTax Ads Playfully Erase Consumers’ Self Doubt When Doing Their Own Taxes
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