Intuit (INTU) Set to Announce Earnings on Thursday

Intuit (NASDAQ:INTU) will release its earnings data after the market closes on Thursday, August 22nd. Analysts expect Intuit to post earnings of $1.86 per share for the quarter. Intuit has set its Q4 guidance at $1.80-1.85 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.12 by $1.76. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the business earned $7.80 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. On average, analysts expect Intuit to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Intuit Trading Up 0.6 %

NASDAQ:INTU opened at $667.28 on Wednesday. Intuit has a 52 week low of $473.56 and a 52 week high of $676.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.50. The firm’s fifty day moving average is $635.80 and its 200-day moving average is $634.12. The firm has a market cap of $186.54 billion, a P/E ratio of 61.56, a P/E/G ratio of 3.14 and a beta of 1.23.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 1,415 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $604.58, for a total transaction of $855,480.70. Following the transaction, the chief financial officer now directly owns 2,332 shares in the company, valued at $1,409,880.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Sandeep Aujla sold 1,415 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total transaction of $855,480.70. Following the completion of the sale, the chief financial officer now directly owns 2,332 shares of the company’s stock, valued at $1,409,880.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark P. Notarainni sold 465 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $604.58, for a total value of $281,129.70. Following the completion of the transaction, the executive vice president now directly owns 869 shares in the company, valued at approximately $525,380.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 195,963 shares of company stock worth $114,442,445. Corporate insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on INTU shares. Bank of America decreased their price target on Intuit from $760.00 to $730.00 and set a “buy” rating for the company in a report on Friday, May 24th. Piper Sandler reissued an “overweight” rating and issued a $760.00 price target on shares of Intuit in a research note on Friday, July 12th. Royal Bank of Canada began coverage on shares of Intuit in a research report on Wednesday, July 3rd. They set an “outperform” rating and a $760.00 price objective for the company. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Finally, Wells Fargo & Company increased their target price on shares of Intuit from $725.00 to $750.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $691.77.

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 four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.