Intuit (NASDAQ:INTU) Updates FY25 Earnings Guidance

Intuit (NASDAQ:INTU) issued an update on its FY25 earnings guidance on Thursday morning. 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.

Analyst Ratings Changes

Several research analysts recently issued reports on INTU shares. Scotiabank started coverage on shares of Intuit in a report on Monday. They set a “sector perform” rating and a $700.00 price target for the company. Jefferies Financial Group boosted their price target on Intuit from $770.00 to $790.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America lifted their price target on Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Susquehanna reissued a “positive” rating and issued a $757.00 price objective on shares of Intuit in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price target on Intuit from $585.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $737.06.

Intuit Price Performance

Intuit stock traded up $28.10 during midday trading on Thursday, reaching $678.70. 2,029,443 shares of the stock traded hands, compared to its average volume of 1,347,608. The stock has a market cap of $190.12 billion, a P/E ratio of 62.26, a PEG ratio of 3.15 and a beta of 1.25. Intuit has a 12 month low of $557.29 and a 12 month high of $714.78. The stock’s fifty day moving average is $634.46 and its 200-day moving average is $630.89. 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 posted its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. Intuit had a return on equity of 18.64% and a net margin of 18.19%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the company earned $1.14 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that Intuit will post 14.05 EPS for the current year.

Insiders Place Their Bets

In other Intuit news, EVP Kerry J. Mclean sold 11,079 shares of Intuit stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $631.61, for a total value of $6,997,607.19. Following the completion of the sale, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at approximately $15,752,985.01. The trade was a 30.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 2,461 shares of Intuit stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total transaction of $1,568,124.59. Following the transaction, the insider now owns 6,453,105 shares in the company, valued at $4,111,853,974.95. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,297 shares of company stock worth $35,220,046. Company 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.