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 $19.34. 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.

Intuit Stock Performance

NASDAQ:INTU opened at $619.03 on Friday. Intuit has a twelve month low of $473.56 and a twelve month high of $676.62. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $635.09 and its 200 day simple moving average is $630.58. The firm has a market capitalization of $173.05 billion, a PE ratio of 57.11, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24.

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

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, October 10th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Intuit’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, October 10th. Intuit’s dividend payout ratio is presently 38.38%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INTU. Susquehanna restated a positive rating and set a $757.00 price objective on shares of Intuit in a research report on Friday, August 16th. Jefferies Financial Group upped their price objective on Intuit from $770.00 to $790.00 and gave the company a buy rating in a research note on Friday, August 23rd. Morgan Stanley downgraded 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 report on Wednesday, August 14th. Piper Sandler restated an overweight rating and issued a $768.00 price target on shares of Intuit in a research report on Friday. Finally, Barclays dropped their price target on shares of Intuit from $745.00 to $740.00 and set an overweight rating for the company in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Intuit currently has an average rating of Moderate Buy and an average target price of $720.37.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,061 shares of Intuit 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 directly owns 3,333 shares in the company, valued at $2,170,682.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Mark P. Notarainni sold 965 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $651.00, for a total transaction of $628,215.00. Following the transaction, the executive vice president now owns 1,020 shares in the company, valued at approximately $664,020. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,061 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $651.27, for a total transaction of $690,997.47. Following the completion of the sale, the chief financial officer now owns 3,333 shares of the company’s stock, valued at $2,170,682.91. The disclosure for this sale can be found here. Insiders have sold a total of 52,548 shares of company stock worth $33,604,124 in the last 90 days. 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.