FY2025 Earnings Forecast for Intuit Issued By Scotiabank

Intuit Inc. (NASDAQ:INTU - Free Report) - Analysts at Scotiabank issued their FY2025 earnings per share (EPS) estimates for Intuit in a research note issued on Wednesday, January 8th. Scotiabank analyst A. Verkhovski forecasts that the software maker will earn $14.18 per share for the year. Scotiabank currently has a "Sector Perform" rating and a $700.00 target price on the stock. The consensus estimate for Intuit's current full-year earnings is $14.07 per share. Scotiabank also issued estimates for Intuit's FY2026 earnings at $16.12 EPS.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS.

A number of other analysts also recently issued reports on the company. Barclays decreased their target price on Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group boosted their price objective on Intuit from $790.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Oppenheimer increased their target price on shares of Intuit from $712.00 to $722.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on shares of Intuit from $685.00 to $730.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intuit from $600.00 to $640.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $737.44.

Intuit Trading Down 0.4 %

Shares of INTU stock opened at $623.43 on Monday. Intuit has a 12-month low of $557.29 and a 12-month high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $649.58 and a 200-day moving average of $638.21. The firm has a market cap of $174.51 billion, a P/E ratio of 60.53, a PEG ratio of 3.24 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INTU. Graypoint LLC boosted its holdings in Intuit by 65.8% during the 4th quarter. Graypoint LLC now owns 4,045 shares of the software maker's stock valued at $2,542,000 after acquiring an additional 1,606 shares during the period. RMR Wealth Builders boosted its stake in shares of Intuit by 7.6% during the fourth quarter. RMR Wealth Builders now owns 2,511 shares of the software maker's stock valued at $1,578,000 after purchasing an additional 177 shares during the period. Tilia Fiduciary Partners Inc. grew its holdings in shares of Intuit by 2.0% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 3,075 shares of the software maker's stock worth $1,933,000 after purchasing an additional 59 shares during the last quarter. Jacobs & Co. CA raised its holdings in Intuit by 2.8% during the 4th quarter. Jacobs & Co. CA now owns 13,348 shares of the software maker's stock valued at $8,389,000 after buying an additional 359 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Intuit by 2.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,353 shares of the software maker's stock valued at $2,107,000 after buying an additional 76 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the sale, the insider now owns 6,378,105 shares of the company's stock, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sasan K. Goodarzi sold 26,562 shares of Intuit stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total transaction of $16,624,890.18. Following the transaction, the chief executive officer now directly owns 37,869 shares in the company, valued at $23,701,828.41. This trade represents a 41.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 291,936 shares of company stock valued at $188,324,604. Insiders own 2.68% of the company's stock.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, January 10th. Intuit's dividend payout ratio (DPR) is currently 40.39%.

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.