Intuit (NASDAQ:INTU) Issues FY 2021 After-Hours Earnings Guidance
Intuit (NASDAQ:INTU) updated its FY 2021
After-Hours earnings guidance on Thursday. The company provided EPS guidance of 8.40-8.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.43. The company issued revenue guidance of $8.265-8.415 billion, compared to the consensus revenue estimate of $8.29 billion.Intuit also updated its Q2 2021
After-Hours guidance to 1.31-1.34 EPS.
A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Intuit from $355.00 to $382.00 and gave the company an outperform rating in a report on Friday. Stifel Nicolaus upped their target price on shares of Intuit from $300.00 to $405.00 and gave the company a buy rating in a report on Wednesday, August 26th. Mizuho upped their target price on shares of Intuit from $330.00 to $400.00 and gave the company a buy rating in a report on Wednesday, August 26th. Wells Fargo & Company upped their target price on shares of Intuit from $380.00 to $400.00 and gave the company an overweight rating in a report on Friday. Finally, Bank of America upped their target price on shares of Intuit from $320.00 to $380.00 and gave the company a buy rating in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. Intuit has an average rating of Buy and a consensus target price of $374.28.
Shares of NASDAQ:INTU opened at $347.69 on Friday. The company’s 50 day moving average price is $338.89 and its two-hundred day moving average price is $311.04. Intuit has a 12-month low of $187.68 and a 12-month high of $377.15. The firm has a market cap of $91.03 billion, a PE ratio of 50.24, a PEG ratio of 3.33 and a beta of 0.99. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.40.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 19th. Investors of record on Monday, January 11th will be given a dividend of $0.59 per share. The ex-dividend date is Friday, January 8th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Intuit’s dividend payout ratio is 35.98%.
In related news, CEO Sasan K. Goodarzi sold 161,258 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $345.66, for a total transaction of $55,740,440.28. Following the sale, the chief executive officer now owns 154,306 shares in the company, valued at approximately $53,337,411.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Brad D. Smith sold 18,773 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $342.01, for a total transaction of $6,420,553.73. Following the sale, the chairman now owns 304,706 shares in the company, valued at approximately $104,212,499.06. The disclosure for this sale can be found here. Insiders have sold a total of 244,742 shares of company stock worth $83,471,109 in the last quarter. 4.09% of the stock is currently owned by company insiders.
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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