Intuit (INTU) Scheduled to Post Quarterly Earnings on Thursday

Intuit (NASDAQ:INTU) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $2.36 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.85 by $0.14. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. On average, analysts expect Intuit to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Intuit Price Performance

Shares of INTU stock opened at $644.17 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. Intuit has a fifty-two week low of $557.29 and a fifty-two week high of $714.78. The firm has a market cap of $180.55 billion, a P/E ratio of 61.64, a P/E/G ratio of 3.36 and a beta of 1.25. The business’s 50 day moving average price is $634.32 and its 200-day moving average price is $630.75.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on INTU shares. Scotiabank started coverage on shares of Intuit in a report on Monday. They issued a “sector perform” rating and a $700.00 price objective on the stock. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. upped their price target on shares of Intuit from $585.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Piper Sandler reissued an “overweight” rating and issued a $768.00 target price on shares of Intuit in a report on Friday, September 27th. Finally, Barclays upped their price objective on Intuit from $740.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $737.06.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $617.28, for a total value of $2,469,120.00. Following the completion of the sale, the chief financial officer now owns 452 shares of the company’s stock, valued at approximately $279,010.56. This trade represents a 89.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eve B. Burton sold 2,988 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $649.87, for a total transaction of $1,941,811.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,297 shares of company stock worth $35,220,046. Company insiders own 2.90% 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 four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.