Intuit (NASDAQ:INTU) Updates FY 2021 After-Hours Earnings Guidance

Intuit (NASDAQ:INTU) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 8.20-8.40 for the period, compared to the Thomson Reuters consensus estimate of $8.36. The company issued revenue guidance of $8.81-8.995 billion, compared to the consensus revenue estimate of $8.92 billion.Intuit also updated its Q3 2021
After-Hours guidance to 6.75-6.85 EPS.

NASDAQ:INTU traded down $2.46 during trading hours on Tuesday, reaching $399.09. The company had a trading volume of 2,480,525 shares, compared to its average volume of 1,322,169. Intuit has a twelve month low of $187.68 and a twelve month high of $423.74. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.39. The firm has a market cap of $104.86 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 4.29 and a beta of 0.99. The business’s 50-day simple moving average is $383.21 and its two-hundred day simple moving average is $350.92.

Several analysts have recently commented on INTU shares. Mizuho raised their target price on Intuit from $400.00 to $430.00 and gave the company a buy rating in a research note on Thursday, February 4th. Morgan Stanley boosted their price objective on Intuit from $400.00 to $455.00 and gave the company an overweight rating in a report on Friday, November 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on Intuit from $378.00 to $383.00 in a research report on Tuesday, December 22nd. JPMorgan Chase & Co. upgraded Intuit from an underweight rating to an overweight rating and increased their target price for the stock from $300.00 to $450.00 in a report on Wednesday, December 9th. Finally, Zacks Investment Research downgraded shares of Intuit from a hold rating to a strong sell rating and set a $310.00 price objective on the stock. in a report on Thursday, December 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. Intuit has an average rating of Buy and a consensus target price of $411.09.

In related news, EVP James Alexander Chriss sold 298 shares of the business’s stock in a transaction on Monday, January 4th. The stock was sold at an average price of $379.23, for a total transaction of $113,010.54. Following the sale, the executive vice president now directly owns 315 shares in the company, valued at approximately $119,457.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michelle M. Clatterbuck sold 412 shares of the company’s stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $379.23, for a total value of $156,242.76. Following the sale, the chief financial officer now owns 978 shares in the company, valued at $370,886.94. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock worth $1,818,699 over the last 90 days. 3.38% of the stock is currently owned by corporate insiders.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.

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Earnings History and Estimates for Intuit (NASDAQ:INTU)

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