Correction imminent in Intuit Inc. (NASDAQ:INTU)?


Intuit Inc. (NASDAQ:INTU) stock had a weekly Volatility of 1.90% and a monthly volatility of 1.25%. Intuit Inc. INTU shares float stands at 244.11M.

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

Recently, Intuit Inc. reported stellar third-quarter fiscal 2017 results. The company reported adjusted income (including stock-based compensation but excluding amortization and other one-time items) from continuing operations of $3.71 per share, surpassing the Zacks Consensus Estimate of $3.67.

Intuit Inc. quarterly Return on Assets is 22.20%, quarterly Return on Equity was 93.80% while quarterly Return on Investments was 39.10%.

Gross Margin during the quarter was 84.00%. Net Profit Margin was 20.00%% and operating margin was 24.50%. Current ratio was 0.60 while quick ratio was 0.60.

The company’s Total Debt/Equity stood at 1.46 while Long Term Debt/Equity was 0.59.

The company’s stock 50-Day High is $5.94% and a 50-Day Low of $20.06%. 20-Day Simple Moving Average was $9.54% while 50-Day Simple Moving Average was $13.08%.

The company announced EPS of $3.04. This represents an EPS growth quarter over quarter of -54.10%. EPS for the whole years was $110.60%. For the last five years, the stock has reported an average EPS growth of 7.00% and EPS growth for next year is projected to be 14.25% while EPS growth for the next five years will be 13.25%.

P/E was 45.35, Forward P/E was 27.78, PEG was 3.42 while P/S and P/B were 7.28 and 45.19 respectively.

The company’s monthly average volume for the quarter was 1.93M and 1.93M for the full financial year. The relative volume was 2.74 for the quarter and 2.74 for the full financial year.

The stock’s 50-Day High during the quarter was $5.94% while the 50-Day Low was $20.06%. In the last financial year, the stock has a 52-Week High of $5.94% and a 52-Week Low of $35.38%.

The company’s Insider Ownership was 0.10% and Institutional Ownership was 87.10%. Total Institutional Transactions amounted to 0.36%. Sales growth quarter over quarter was 10.10%%.