Stock Update: Intuit Inc (NASDAQ:INTU) – Intuit finds a buyer for its Quicken business

[at MarketWatch] – Intuit Inc., the maker of TurboTax, is selling its Quicken business to private-equity firm HIG Capital for an indisclosed amount. Read more on this. Intuit Inc. (INTU) , with a current value of $26.18B, opened this morning at $98.11. Today’s price range has been between $97.05 and $99.26 per share with a trailing 52-week range being $79.63 to $109.21. INTU shares are currently priced at 28.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.42x forward p/e ratio. And for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 1.21%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $3.18 per share, which would be $0.33 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $3.48, which would be a $0.89 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.23 Billion. If realized, that would be a 1.83% increase over the year-ago quarter. 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 the stock is $104.79, which is 6.81% 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 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 and OnDeck to Launch $100M Small Business Lending Fund