Intuit (NASDAQ:INTU – Get Free Report) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.800-1.850 for the period, compared to the consensus earnings per share estimate of 1.930. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. Intuit also updated its FY 2024 guidance to 16.790-16.840 EPS.
Intuit Trading Down 1.8 %
Shares of NASDAQ INTU opened at $596.25 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.50. Intuit has a 52-week low of $400.22 and a 52-week high of $676.62. The firm has a 50 day moving average price of $634.12 and a two-hundred day moving average price of $622.77. The stock has a market cap 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.
Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $9.88 earnings per share for the quarter, beating analysts’ consensus estimates of $8.12 by $1.76. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.65 billion. Intuit had a return on equity of 18.61% and a net margin of 19.43%. Intuit’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $7.80 earnings per share. As a group, equities analysts forecast that Intuit will post 11.28 EPS for the current year.
Intuit Dividend Announcement
Wall Street Analyst Weigh In
INTU has been the subject of several analyst reports. KeyCorp raised their price target on shares of Intuit from $720.00 to $740.00 and gave the stock an overweight rating in a report on Monday, May 20th. Wells Fargo & Company lifted their target price on shares of Intuit from $725.00 to $750.00 and gave the stock an overweight rating in a research note on Tuesday, May 21st. 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. Mizuho increased their price target on Intuit from $670.00 to $725.00 and gave the stock a buy rating in a report on Friday, February 23rd. Finally, Bank of America dropped their price objective on Intuit from $760.00 to $730.00 and set a buy rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Intuit presently has an average rating of Moderate Buy and an average price target of $679.41.
Read Our Latest Research Report on Intuit
Insider Buying and Selling at Intuit
In other Intuit news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $636.38, for a total value of $178,186.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by company insiders.
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.
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