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Company Update (NASDAQ:INTU): Jim Cramer — Goldman Bullish on Intuit Ahead of Earnings

[at TheStreet] – Analysts at Goldman Sachs initiated the stock with a buy rating one day before earnings, Cramer says. Read more on this. Intuit Inc. (INTU) , valued at $26.80B, opened at $103.64. Shares have traded today between $103.55 and $104.74 per share with its 52-week range being $79.63 to $109.21. Priced at 29.35x this year’s forecasted earnings, INTU shares are relatively expensive compared to the industry’s 7.34x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.20 per share annually in dividends, yielding 1.16%. According to a consensus of 19 analysts, the earnings estimate of $3.21 per share would be $0.36 better than the year-ago quarter and a $0.06 sequential increase. Investors should also note that the full-year EPS estimate of $3.51 is a $0.92 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.25 Billion. If realized, 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. When considering if perhaps the stock is under or overvalued, the average price target is $105.38, which is 1.68% above where the stock opened this morning. See more in (NASDAQ:INTU) Similar Articles: Company Update: Intuit Inc (NASDAQ:INTU) – Intuit’s Cloud Transition Is Becoming Less Taxing 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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