Intuit Inc. (NASDAQ:INTU) Given Price Target Of $123.375


As per Intuit Inc. (NASDAQ:INTU)’s news release on 2016-08-24, its shareholders will get cash dividend of $0.34 per share. The recent press release updated on the record date and payout date, which stands at 2016-10-10 and 2016-10-18, respectively.

The stock will commence trading ex-dividend from 2016-10-05, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Intuit Inc. (NASDAQ:INTU) disbursed $0.34 in dividend compared to distribution of $0.34, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 20%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Intuit Inc. (NASDAQ:INTU) to attain a price target of $123.375. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $135. The low price range is set at $113 for next year while the arithmetic mean is seen at 2.33.

Eyeing Earnings Intuit Inc. (NASDAQ:INTU) is likely to post quarterly numbers around 2016-11-17 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $-0.17 for the period ending on 2016-10-31.

In last quarter ended 2016-07-31, Intuit Inc. (NASDAQ:INTU) earnings came at $-0.13 suggesting a deviation of $0.1. The brokerages targeted EPS of $-0.23 for the quarter.

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