Intuit (NASDAQ:INTU – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 16.790-16.840 for the period, compared to the consensus earnings per share estimate of 16.410. The company issued revenue guidance of $16.2 billion-$16.2 billion, compared to the consensus revenue estimate of $16.1 billion. Intuit also updated its Q4 2024 guidance to 1.800-1.850 EPS.
Intuit Trading Down 1.8 %
Shares of NASDAQ INTU opened at $596.25 on Tuesday. The stock has a market capitalization of $166.68 billion, a P/E ratio of 56.00, a price-to-earnings-growth ratio of 3.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 1.50. The business has a fifty day moving average price of $634.12 and a 200 day moving average price of $622.77. Intuit has a 1-year low of $400.22 and a 1-year high of $676.62.
Intuit (NASDAQ:INTU – Get Free Report) last released its earnings results on Thursday, May 23rd. The software maker reported $9.88 EPS for the quarter, topping analysts’ consensus estimates of $8.12 by $1.76. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Intuit had a net margin of 19.43% and a return on equity of 18.61%. Intuit’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business earned $7.80 EPS. Equities research analysts expect that Intuit will post 11.28 EPS for the current fiscal year.
Intuit Announces Dividend
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Bank of America cut their target price on shares of Intuit from $760.00 to $730.00 and set a buy rating for the company in a research note on Friday. Piper Sandler raised their price objective on shares of Intuit from $750.00 to $760.00 and gave the stock an overweight rating in a research report on Friday. Evercore ISI boosted their target price on shares of Intuit from $670.00 to $725.00 and gave the company an outperform rating in a report on Friday, February 23rd. Barclays raised their price target on shares of Intuit from $735.00 to $745.00 and gave the stock an overweight rating in a report on Friday, February 23rd. Finally, Susquehanna decreased their price objective on Intuit from $775.00 to $757.00 and set a positive rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $679.41.
Get Our Latest Stock Analysis on Intuit
Insider Buying and Selling at Intuit
In other Intuit news, EVP Alex G. Balazs sold 280 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by corporate 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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