Intuit (NASDAQ:INTU) Updates FY25 Earnings Guidance

Intuit (NASDAQ:INTU) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $19.16-19.36 for the period, compared to the consensus earnings per share estimate of $19.33. The company issued revenue guidance of $18.160-18.347 billion, compared to the consensus revenue estimate of $18.27 billion. Intuit also updated its Q2 guidance to $2.55-2.61 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INTU. Stifel Nicolaus upped their price objective on Intuit from $690.00 to $795.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Piper Sandler cut their price objective on Intuit from $768.00 to $765.00 and set an “overweight” rating for the company in a report on Friday. Oppenheimer upped their price objective on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on Intuit from $585.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Bank of America boosted their target price on Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $738.56.

Intuit Trading Down 1.9 %

INTU opened at $666.00 on Friday. The business has a 50 day simple moving average of $635.12 and a two-hundred day simple moving average of $631.23. The firm has a market capitalization of $186.56 billion, a price-to-earnings ratio of 63.73, a PEG ratio of 3.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. Intuit has a one year low of $557.29 and a one year high of $714.78.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.64% and a net margin of 18.19%. Intuit’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Analysts predict that Intuit will post 14.05 EPS for the current year.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 775 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $601.31, for a total value of $466,015.25. Following the completion of the transaction, the chief financial officer now owns 4,451 shares of the company’s stock, valued at approximately $2,676,430.81. This represents a 14.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 2,941 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total value of $1,849,183.16. Following the completion of the sale, the executive vice president now owns 20 shares in the company, valued at $12,575.20. The trade was a 99.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,297 shares of company stock valued at $35,220,046. Corporate 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.