Intuit (NASDAQ:INTU) Releases Q3 2021 After-Hours Earnings Guidance

Intuit (NASDAQ:INTU) issued an update on its third quarter 2021
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 6.75-6.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.47. The company issued revenue guidance of $4.593-4.653 billion, compared to the consensus revenue estimate of $4.36 billion.Intuit also updated its FY 2021
After-Hours guidance to 8.20-8.40 EPS.

NASDAQ INTU traded down $2.46 during mid-day trading on Tuesday, hitting $399.09. The stock had a trading volume of 2,414,195 shares, compared to its average volume of 1,320,274. Intuit has a 52-week low of $187.68 and a 52-week high of $423.74. The company 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 company has a 50 day simple moving average of $383.21 and a 200 day simple moving average of $350.92. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.39.

A number of brokerages recently weighed in on INTU. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on Intuit from $378.00 to $383.00 in a report on Tuesday, December 22nd. Mizuho raised their price objective on Intuit from $400.00 to $430.00 and gave the company a buy rating in a research report on Thursday, February 4th. KeyCorp lifted their target price on Intuit from $400.00 to $405.00 and gave the stock an overweight rating in a research report on Tuesday, February 2nd. Citigroup lifted their price target on Intuit from $383.00 to $411.00 and gave the stock a neutral rating in a research note on Friday, February 12th. Finally, Piper Sandler lifted their price target on Intuit from $412.00 to $418.00 and gave the stock an overweight rating in a research note on Tuesday, December 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $411.09.

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

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.

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Earnings History and Estimates for Intuit (NASDAQ:INTU)

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