Intuit (NASDAQ:INTU) Issues 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.

Shares of Intuit stock traded down $2.46 during trading on Tuesday, hitting $399.09. 2,480,525 shares of the company’s stock traded hands, compared to its average volume of 1,322,169. Intuit has a 1 year low of $187.68 and a 1 year high of $423.74. The business has a 50-day simple moving average of $383.21 and a 200-day simple moving average of $350.92. The stock has a market capitalization of $104.86 billion, a P/E ratio of 53.15, a PEG ratio of 4.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.09 and a quick ratio of 3.09.

A number of analysts have recently issued reports on the stock. KeyCorp raised their price target on shares of Intuit from $400.00 to $405.00 and gave the company an overweight rating in a report on Tuesday, February 2nd. Oppenheimer raised their target price on shares of Intuit from $382.00 to $391.00 and gave the stock an outperform rating in a report on Tuesday, December 8th. Evercore ISI upgraded shares of Intuit from an in-line rating to an outperform rating and set a $500.00 target price for the company in a research note on Tuesday. Mizuho raised their price target on Intuit from $400.00 to $430.00 and gave the stock a buy rating in a research note on Thursday, February 4th. Finally, Royal Bank of Canada upped their price target on shares of Intuit from $405.00 to $415.00 and gave the company an outperform rating in a research report on Friday, November 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $411.09.

In related news, EVP Kerry J. Mclean sold 4,093 shares of the stock in a transaction dated Tuesday, December 29th. The stock was sold at an average price of $378.56, for a total transaction of $1,549,446.08. Also, CFO Michelle M. Clatterbuck sold 412 shares of the business’s stock in a transaction that occurred on Monday, January 4th. The stock was sold at an average price of $379.23, for a total value of $156,242.76. Following the completion of the transaction, the chief financial officer now directly owns 978 shares in the company, valued at $370,886.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,803 shares of company stock valued at $1,818,699. Company insiders own 3.38% of the company’s stock.

About Intuit

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.

Further Reading: Special Dividends

Earnings History and Estimates for Intuit (NASDAQ:INTU)

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