Intuit (NASDAQ:INTU) Issues 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 $19.33. 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 research firms recently commented on INTU. Barclays reduced their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research note on Friday. Susquehanna reiterated a “positive” rating and issued a $757.00 target price on shares of Intuit in a research report on Friday, August 16th. Scotiabank began coverage on shares of Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. Oppenheimer increased their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday. Finally, Stifel Nicolaus decreased their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $737.44.

Intuit Stock Down 5.7 %

Shares of NASDAQ:INTU opened at $640.12 on Friday. The business has a 50-day moving average price of $634.81 and a 200 day moving average price of $631.20. Intuit has a 12-month low of $557.29 and a 12-month high of $714.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $179.31 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 3.32 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.28%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. Sell-side analysts expect that Intuit will post 14.05 EPS for the current year.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $617.28, for a total transaction of $2,469,120.00. Following the sale, the chief financial officer now directly owns 452 shares in the company, valued at $279,010.56. This represents a 89.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eve B. Burton sold 2,988 shares of the stock in a transaction dated 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 have sold 55,297 shares of company stock worth $35,220,046 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

About Intuit

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.