Intuit (NASDAQ:INTU) Issues FY25 Earnings Guidance

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

Intuit Stock Performance

NASDAQ:INTU opened at $636.83 on Friday. The stock has a 50-day simple moving average of $635.44 and a two-hundred day simple moving average of $631.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. Intuit has a 52-week low of $473.56 and a 52-week high of $676.62. The firm has a market capitalization of $178.02 billion, a PE ratio of 58.75, a P/E/G ratio of 3.13 and a beta of 1.24.

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

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 10th will be issued a $1.04 dividend. The ex-dividend date is Thursday, October 10th. This represents a $4.16 annualized dividend and a yield of 0.65%. This is an increase from Intuit’s previous quarterly dividend of $0.90. Intuit’s dividend payout ratio is currently 38.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INTU. Jefferies Financial Group boosted their price objective on Intuit from $770.00 to $790.00 and gave the company a buy rating in a research report on Friday, August 23rd. Citigroup boosted their price target on Intuit from $727.00 to $750.00 and gave the stock a buy rating in a report on Friday, June 28th. Erste Group Bank reaffirmed a hold rating on shares of Intuit in a report on Friday, June 14th. Piper Sandler reissued an overweight rating and issued a $768.00 target price (up previously from $760.00) on shares of Intuit in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Intuit from $585.00 to $600.00 and gave the company a neutral rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $720.37.

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 2,461 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $637.19, for a total value of $1,568,124.59. Following the sale, the insider now directly owns 6,453,105 shares in the company, valued at approximately $4,111,853,974.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Scott D. Cook sold 2,461 shares of the stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at approximately $4,111,853,974.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,061 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $651.27, for a total transaction of $690,997.47. Following the completion of the transaction, the chief financial officer now directly owns 3,333 shares of the company’s stock, valued at approximately $2,170,682.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,548 shares of company stock worth $33,604,124. 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.