Intuit (NASDAQ:INTU) Issues FY 2025 Earnings Guidance

Intuit (NASDAQ:INTU) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 19.160-19.360 for the period, compared to the consensus EPS estimate of 19.150. The company issued revenue guidance of $18.2 billion-$18.3 billion, compared to the consensus revenue estimate of $18.2 billion. Intuit also updated its FY25 guidance to $19.16-19.36 EPS.

Intuit Price Performance

NASDAQ INTU traded down $5.20 on Thursday, hitting $665.29. The company had a trading volume of 1,455,902 shares, compared to its average volume of 1,316,070. Intuit has a 12-month low of $473.56 and a 12-month high of $676.62. The company has a market capitalization of $185.98 billion, a PE ratio of 61.37, a PEG ratio of 3.14 and a beta of 1.23. The company’s fifty day moving average price is $638.78 and its 200-day moving average price is $634.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.12 by $1.76. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the firm earned $7.80 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts predict that Intuit will post 11.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Intuit from $625.00 to $670.00 and gave the company a neutral rating in a report on Monday, May 20th. Wells Fargo & Company upped their price objective on shares of Intuit from $725.00 to $750.00 and gave the company an overweight rating in a report on Tuesday, May 21st. Jefferies Financial Group reissued a buy rating and issued a $770.00 price objective on shares of Intuit in a report on Thursday, June 13th. StockNews.com raised shares of Intuit from a hold rating to a buy rating in a report on Monday, May 27th. Finally, KeyCorp upped their price objective on shares of Intuit from $720.00 to $740.00 and gave the company an overweight rating in a report on Monday, May 20th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $691.77.

Insider Buying and Selling

In related news, EVP Mark P. Notarainni sold 965 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,020 shares in the company, valued at $664,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intuit news, insider Scott D. Cook sold 75,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $597.85, for a total value of $44,838,750.00. Following the transaction, the insider now directly owns 6,791,469 shares in the company, valued at $4,060,279,741.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark P. Notarainni sold 965 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 1,020 shares in the company, valued at $664,020. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,963 shares of company stock worth $114,442,445. Company 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.