Intuit (NASDAQ:INTU – Get Free Report) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $2.33-2.38 for the period, compared to the consensus EPS estimate of $2.78. The company issued revenue guidance of $3.13-3.16 billion, compared to the consensus revenue estimate of $3.37 billion. Intuit also updated its FY25 guidance to $19.16-19.36 EPS.
Intuit Stock Down 0.8 %
Intuit stock traded down $5.57 during trading on Thursday, hitting $664.92. 962,088 shares of the company were exchanged, compared to its average volume of 1,313,117. The company has a market capitalization of $185.88 billion, a P/E ratio of 61.48, a PEG ratio of 3.14 and a beta of 1.23. The business’s 50 day moving average is $637.37 and its 200 day moving average is $634.37. Intuit has a 52 week low of $473.56 and a 52 week high of $676.62. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32.
Intuit (NASDAQ:INTU – Get Free Report) last posted its earnings results on Thursday, May 23rd. The software maker reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.12 by $1.76. Intuit had a net margin of 19.43% and a return on equity of 18.61%. The firm 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 business posted $7.80 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. Analysts predict that Intuit will post 11.72 earnings per share for the current year.
Analyst Upgrades and Downgrades
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Insider Activity at Intuit
In related news, CFO Sandeep Aujla sold 1,061 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $651.27, for a total transaction of $690,997.47. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Sandeep Aujla sold 1,061 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 3,333 shares of the company’s stock, valued at approximately $2,170,682.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark P. Notarainni sold 965 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $651.00, for a total transaction of $628,215.00. Following the completion of the sale, the executive vice president now directly owns 1,020 shares of the company’s stock, valued at $664,020. The disclosure for this sale can be found here. Insiders have sold a total of 195,963 shares of company stock valued at $114,442,445 over the last 90 days. 2.90% of the stock is owned by 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.
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