Intuit (NASDAQ:INTU) Updates FY25 Earnings Guidance

Intuit (NASDAQ:INTU) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $19.16-19.36 for the period, compared to the consensus EPS estimate of $19.34. 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 Q1 guidance to $2.33-2.38 EPS.

Analyst Ratings Changes

Several brokerages have issued reports on INTU. Royal Bank of Canada assumed coverage on shares of Intuit in a research note on Wednesday, July 3rd. They issued an outperform rating and a $760.00 price target on the stock. Morgan Stanley downgraded Intuit from an overweight rating to an equal weight rating and lowered their target price for the company from $750.00 to $685.00 in a research report on Wednesday, August 14th. Susquehanna reissued a positive rating and set a $757.00 price target on shares of Intuit in a research report on Friday, August 16th. Piper Sandler reaffirmed an overweight rating and set a $768.00 price target on shares of Intuit in a research report on Friday. Finally, BMO Capital Markets increased their price objective on Intuit from $700.00 to $760.00 and gave the company an outperform rating in a report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Intuit has a consensus rating of Moderate Buy and a consensus price target of $720.37.

Intuit Stock Down 2.8 %

Intuit stock opened at $619.03 on Friday. Intuit has a twelve month low of $473.56 and a twelve month high of $676.62. The stock has a market cap of $173.05 billion, a P/E ratio of 57.11, a P/E/G ratio of 3.13 and a beta of 1.24. The company’s 50-day moving average price is $635.09 and its two-hundred day moving average price is $630.58. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, analysts expect that Intuit will post 14.07 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.67%. This is a positive change from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, October 10th. Intuit’s dividend payout ratio (DPR) is currently 38.38%.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 862 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $621.03, for a total transaction of $535,327.86. Following the transaction, the chief financial officer now directly owns 3,840 shares of the company’s stock, valued at $2,384,755.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Sandeep Aujla sold 862 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $621.03, for a total transaction of $535,327.86. Following the sale, the chief financial officer now directly owns 3,840 shares of the company’s stock, valued at approximately $2,384,755.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eve B. Burton sold 2,988 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $649.87, for a total value of $1,941,811.56. The disclosure for this sale can be found here. Insiders sold 52,548 shares of company stock worth $33,604,124 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.