Intuit (NASDAQ:INTU) Issues FY 2025 Earnings Guidance

Intuit (NASDAQ:INTU) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 19.160-19.360 for the period, compared to the consensus estimate of 19.320. The company issued revenue guidance of $18.2 billion-$18.3 billion, compared to the consensus revenue estimate of $18.3 billion. Intuit also updated its FY 2025 guidance to 19.160-19.360 EPS.

Intuit Trading Up 11.6 %

Shares of NASDAQ:INTU traded up $64.30 during trading on Wednesday, reaching $619.93. 2,868,506 shares of the stock were exchanged, compared to its average volume of 1,835,802. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit has a 12-month low of $553.24 and a 12-month high of $714.78. The firm has a market cap of $173.53 billion, a price-to-earnings ratio of 60.10, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The firm’s 50-day moving average price is $607.70 and its 200 day moving average price is $627.55.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Redburn Atlantic started coverage on Intuit in a report on Wednesday, February 19th. They set a “neutral” rating on the stock. Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective on the stock in a research note on Wednesday. Scotiabank assumed coverage on shares of Intuit in a research note on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price objective for the company. BMO Capital Markets decreased their target price on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $725.18.

Insider Activity at Intuit

In related news, CEO Sasan K. Goodarzi sold 75,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total transaction of $47,257,500.00. Following the transaction, the chief executive officer now directly owns 35,776 shares of the company’s stock, valued at $22,542,457.60. This represents a 67.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alex G. Balazs sold 23,810 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the transaction, the executive vice president now directly owns 489 shares in the company, valued at $325,664.22. This represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 218,014 shares of company stock worth $140,855,687. 2.68% of the stock is 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.