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Market Update (NASDAQ:INTU): Intuit Launches Global Search for Firms of the Future

[Business Wire] – MOUNTAIN VIEW, Calif.–(BUSINESSWIRE)– Intuit Inc. ( Nasdaq:INTU – News) is calling accounting firms from Australia, Canada, the United Kingdom and the United States to enter the 2016 search for Firms of the Future. The contest, an extension of last year’s successful Firm of the Future search in the US, will offer top accounting firms the chance to win over $100,000 USD in prizes, including multiple cash prizes and all-expense paid trips to Intuit’s® annual QuickBooks Connect conference, October 24-26, in San Jose, California. Read more on this. Intuit Inc. (INTU) , currently valued at $27.09B, started trading this morning at $105.30. Looking at the stock, its one day range is $104.74 to $106.33 with the price of the stock fluctuating between $79.63 to $108.95 over the last 52 weeks. INTU shares are currently priced at 28.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.54x forward p/e ratio. The company pays shareholders $1.20 per share in dividend income per year, for a current yield of 1.13%. According to a consensus of 20 analysts, the earnings estimate of $-0.02 per share would be $0.00 worse than the year-ago quarter and a $0.00 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $3.68, which would be a $1.09 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $737.84 Million. If realized, that would be a 6.01% increase over the year-ago quarter. More recently, Goldman Initiated INTU at Buy (May 23, 2016). Previously, Credit Suisse Initiated INTU at to Neutral. With the above information in mind, readers should note that the average price target is $108.59, which is 3.12% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Company Update: Intuit Inc (NASDAQ:INTU) – Intuit Raises Its Guidance for Fiscal 2016 Company Update: Intuit Inc (NASDAQ:INTU) – Why Intuit Rose 3.58% Last Week (INTU) Stock Update: Intuit Inc (NASDAQ:INTU) – Intuit finds a buyer for its Quicken business
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