Intuit (NASDAQ:INTU) Issues Q1 Earnings Guidance

Intuit (NASDAQ:INTU) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $2.33-2.38 for the period, compared to the consensus earnings per share estimate of $2.36. The company issued revenue guidance of 5-6%, compared to the consensus revenue estimate of $3.14 billion. Intuit also updated its FY25 guidance to $19.16-19.36 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on INTU shares. Stifel Nicolaus lifted their price target on shares of Intuit from $690.00 to $795.00 and gave the company a buy rating in a research note on Friday, August 23rd. Citigroup increased their price objective on shares of Intuit from $727.00 to $750.00 and gave the company a buy rating in a report on Friday, June 28th. Morgan Stanley cut shares of Intuit from an overweight rating to an equal weight rating and cut their target price for the stock from $750.00 to $685.00 in a research note on Wednesday, August 14th. Bank of America raised their price target on shares of Intuit from $730.00 to $780.00 and gave the company a buy rating in a research note on Friday, August 23rd. Finally, Piper Sandler reiterated an overweight rating and set a $768.00 price objective on shares of Intuit in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $720.37.

Intuit Price Performance

Shares of INTU opened at $619.03 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $635.09 and its 200-day simple moving average is $630.81. The firm has a market capitalization of $173.05 billion, a price-to-earnings ratio of 57.11, a PEG ratio of 3.13 and a beta of 1.24. Intuit has a twelve month low of $473.56 and a twelve month high of $676.62.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.08 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. Equities analysts forecast that Intuit will post 14.07 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, October 10th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, October 10th. This is an increase from Intuit’s previous quarterly dividend of $0.90. Intuit’s payout ratio is currently 38.38%.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,061 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $651.27, for a total transaction of $690,997.47. Following the transaction, the chief financial officer now owns 3,333 shares of the company’s stock, valued at $2,170,682.91. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intuit news, CFO Sandeep Aujla sold 1,061 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $651.27, for a total value of $690,997.47. Following the completion of the sale, the chief financial officer now owns 3,333 shares in the company, valued at $2,170,682.91. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Laura A. Fennell sold 30,159 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $642.36, for a total transaction of $19,372,935.24. Following the transaction, the executive vice president now owns 52,038 shares in the company, valued at $33,427,129.68. The disclosure for this sale can be found here. Insiders have sold 52,548 shares of company stock valued at $33,604,124 in the last ninety days. Insiders own 2.90% of the company’s stock.

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.