Intuit (NASDAQ:INTU) Releases FY25 Earnings Guidance

Intuit (NASDAQ:INTU) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $19.16-19.36 for the period, compared to the consensus 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

Several analysts have recently weighed in on INTU shares. Morgan Stanley lowered Intuit from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $750.00 to $685.00 in a report on Wednesday, August 14th. Bank of America lifted their price objective on shares of Intuit from $730.00 to $780.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Scotiabank assumed coverage on shares of Intuit in a report on Monday. They set a “sector perform” rating and a $700.00 target price for the company. Jefferies Financial Group increased their price objective on Intuit from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $737.06.

Intuit Stock Performance

INTU traded up $28.10 during trading hours on Thursday, reaching $678.70. The company’s stock had a trading volume of 2,029,443 shares, compared to its average volume of 1,347,608. The company’s 50-day moving average is $634.46 and its 200-day moving average is $630.89. Intuit has a 52 week low of $557.29 and a 52 week high of $714.78. The firm has a market cap of $190.12 billion, a PE ratio of 62.26, a price-to-earnings-growth ratio of 3.15 and a beta of 1.25. 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 (NASDAQ:INTU) last announced 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. Intuit had a net margin of 18.19% and a return on equity of 18.64%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the business earned $1.14 EPS. Intuit’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Intuit will post 14.05 EPS for the current year.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 775 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 4,451 shares of the company’s stock, valued at approximately $2,676,430.81. This trade represents a 14.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eve B. Burton sold 2,988 shares of the stock in a transaction on Thursday, September 19th. The stock was 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. Insiders sold 55,297 shares of company stock worth $35,220,046 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

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.