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Stock Update (NASDAQ:INTU): Intuit Finishes the Tax Season Strong; TurboTax Online Units Increased 15 Percent

[Business Wire] – Intuit Inc. today released the second and final update for its fiscal year 2016 consumer tax offerings. Season-to-date through April 23, TurboTax Online units grew 15 percent versus the comparable prior-year period. Read more on this. Intuit Inc. (INTU) , valued at $26.74B, opened this morning at $104.59. Looking at today’s trading action, the company’s one day range from $104.48 to $105.00 with its 52-week range being $79.63 to $109.21. INTU shares are currently priced at 29.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.73x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.20 per share annually in dividends, yielding 1.17%. According to a consensus of 19 analysts, the earnings estimate of $3.18 per share would be $0.33 better than the year-ago quarter and a $0.03 sequential increase. What we find to be interesting is that the full-year EPS estimate of $3.48 is 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 $2.23 Billion. If reported, that would be a 1.83% increase over the year-ago quarter. More recently, Credit Suisse Initiated INTU at Neutral (Apr 21, 2016). Previously, Brean Capital Initiated INTU at to Buy. When considering if the stock is under or overvalued, the average price target is $107.19, which is 2.49% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Stock Update (NASDAQ:INTU): Intuit Reports Strong Consumer Tax Unit Growth; TurboTax Online Units Increased 12 Percent Season-to-Date Stock Update: Intuit Inc (NASDAQ:INTU) – File Today With TurboTax and Get Your Maximum Refund Stock Update: Intuit Inc (NASDAQ:INTU) – New TurboTax Ads Playfully Erase Consumers’ Self Doubt When Doing Their Own Taxes
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