Is it time to Buy before this week’s earning report Intuit Stock Forecast, Price & News (NASDAQ:INTU)

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Earnings results for Intuit Stock Forecast, Price & News (NASDAQ:INTU)

Intuit Inc. is expected* to report earnings on 08/25/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.86. The reported EPS for the same quarter last year was $-0.38.

Intuit last released its quarterly earnings data on May 21st, 2020. The software maker reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $4.60 by $0.11. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3 billion. Its revenue for the quarter was down 8.3% compared to the same quarter last year. Intuit has generated $5.58 earnings per share over the last year and currently has a price-to-earnings ratio of 65.7. Intuit has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on Intuit Stock Forecast, Price & News (NASDAQ:INTU)

17 Wall Street analysts have issued ratings and price targets for Intuit in the last 12 months. Their average twelve-month price target is $312.31, predicting that the stock has a possible downside of 6.25%. The high price target for INTU is $350.00 and the low price target for INTU is $249.00. There are currently 2 sell ratings, 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Intuit has received a consensus rating of Buy. The company’s average rating score is 2.53, and is based on 11 buy ratings, 4 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $312.31, Intuit has a forecasted downside of 6.2% from its current price of $333.12. Intuit has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Intuit Stock Forecast, Price & News (NASDAQ:INTU)

Intuit has a dividend yield of 0.66%, which is in the bottom 25% of all stocks that pay dividends. Intuit has been increasing its dividend for 8 years. The dividend payout ratio of Intuit is 37.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Intuit will have a dividend payout ratio of 31.88% next year. This indicates that Intuit will be able to sustain or increase its dividend.

Insiders buying/selling: Intuit Stock Forecast, Price & News (NASDAQ:INTU)

In the past three months, Intuit insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,265,721.00 in company stock. Only 4.09% of the stock of Intuit is held by insiders. 86.12% of the stock of Intuit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Intuit Stock Forecast, Price & News (NASDAQ:INTU

Earnings for Intuit are expected to grow by 11.20% in the coming year, from $5.98 to $6.65 per share. The P/E ratio of Intuit is 65.70, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Intuit is 65.70, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.65. Intuit has a PEG Ratio of 3.69. PEG Ratios above 1 indicate that a company could be overvalued. Intuit has a P/B Ratio of 23.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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