Intuit Projects First Quarter Earnings, Analyst Ratings, and Dividend Insights

Intuit Inc., based in Mountain View, California, is scheduled to release its earnings results for the first quarter. Analysts anticipate the company to report a quarterly earnings of $2.36 per share, a decrease from $2.47 per share in the same period last year. Meanwhile, Intuit forecasts its quarterly revenue to rise to $3.14 billion, up from $2.98 billion the previous year, according to the latest data.

The release of the quarterly earnings has generated significant interest among investors, particularly due to Intuit’s dividend offerings. Currently, the company provides an annual dividend yield of 0.64%, equating to a quarterly dividend of $1.04 per share, or $4.16 annually.

For those investors looking to earn a fixed monthly income from Intuit dividends, there are specific investment calculations to consider. To achieve a monthly income of $500, the total annual target would be $6,000. This would require ownership of approximately 1,442 shares, equivalent to an investment of about $938,165 based on current dividends.

For more conservative investors aiming for a monthly income of $100, the annual target of $1,200 would require around 288 shares or an investment of $187,373.

It is crucial for investors to understand that dividend yields are not fixed; they fluctuate as the dividend payments and stock prices change over time. For instance, if a stock pays an annual dividend of $2 with a current price of $50, the dividend yield is 4%. Should the stock price rise to $60, the yield falls to 3.33%, while a decrease to $40 raises the yield to 5%.

Any changes in the dividend payment also affect the dividend yield. An increase in the dividend payment results in a higher yield, even if stock prices remain constant, and vice versa if payments decrease.

In recent trading activity, Intuit shares increased by 1% to close at $650.60. On November 18, Scotiabank analyst Allan Verkhovski began coverage of Intuit with a “Sector Perform” rating, setting a price target of $700.