Intuit (NASDAQ:INTU) Releases Q1 Earnings Guidance

Intuit (NASDAQ:INTU) 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) 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

INTU has been the topic of a number of recent analyst reports. Piper Sandler reiterated an overweight rating and set a $760.00 price target on shares of Intuit in a report on Friday, July 12th. UBS Group raised their price objective on shares of Intuit from $625.00 to $670.00 and gave the stock a neutral rating in a report on Monday, May 20th. Jefferies Financial Group reiterated a buy rating and issued a $770.00 target price on shares of Intuit in a research note on Thursday, June 13th. Susquehanna reissued a positive rating and set a $757.00 price objective on shares of Intuit in a report on Friday, August 16th. Finally, Wells Fargo & Company boosted their target price on Intuit from $725.00 to $750.00 and gave the company an overweight rating in a research note on Tuesday, May 21st. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $691.77.

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.