Stock Update (NASDAQ:INTU): Intuit Assisting Vermont Taxpayers to Amend Returns

[Business Wire] – Intuit Inc. is contacting some Vermont taxpayers who may have inadvertently underpaid their state income tax. The outreach effort, being done in conjunction with the state’s Department of Taxes, follows the discovery of an error in the company’s TurboTax® and ProSeries® software that caused some taxpayers and tax professionals to file an incorrect state tax return and underpay taxes owed. Read more on this. Intuit Inc. (INTU) , with a current market cap of $26.64B, started trading this morning at $102.25. Today, shares have traded between $102.09 and $104.54 per share with its 52-week range being $79.63 to $109.21. Intuit (INTU) shares are currently priced at 29.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.98x earnings multiple for the same period. The company pays shareholders $1.20 per share annually in dividends, yielding 1.18%. According to a consensus of 19 analysts, the earnings estimate of $3.20 per share would be $0.35 better than the year-ago quarter and a $0.05 sequential increase. The full-year EPS estimate is $3.50, which would be a $0.91 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.25 Billion. If reported, that would be a 2.74% 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. The average price target for INTU shares by the analysts covering it is $106.93, which is 4.58% above where the stock opened. See more in (NASDAQ:INTU) Similar Articles: 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 Market Update: Intuit Inc (NASDAQ:INTU) – 70 Percent of Uninsured Taxpayers Claim Health Care Exemption Saving up to $1000