FY2028 Earnings Estimate for Intuit Issued By KeyCorp

Intuit Inc. (NASDAQ:INTU) – Equities researchers at KeyCorp issued their FY2028 earnings per share (EPS) estimates for Intuit in a report issued on Wednesday, August 26th. KeyCorp analyst A. Markgraff forecasts that the software maker will post earnings of $26.84 per share for the year. The consensus estimate for Intuit’s current full-year earnings is $23.07 per share. KeyCorp also issued estimates for Intuit’s Q4 2028 earnings at $4.09 EPS.

Several other research firms also recently weighed in on INTU. Piper Sandler raised their price objective on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Citigroup decreased their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Argus reduced their price target on Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Daiwa Securities Group dropped their target price on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Stifel Nicolaus set a $300.00 price target on Intuit in a research report on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $434.68.

Intuit Price Performance

Shares of INTU opened at $344.93 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. Intuit has a 1-year low of $252.84 and a 1-year high of $705.08. The stock has a market cap of $94.35 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 0.93 and a beta of 0.98. The firm has a fifty day moving average price of $311.12 and a 200 day moving average price of $355.31.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the company earned $2.75 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be issued a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is currently 29.09%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,146 shares of company stock worth $662,666. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Several hedge funds have recently modified their holdings of INTU. Betterment LLC lifted its holdings in shares of Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares in the last quarter. One Capital Management LLC increased its position in shares of Intuit by 2.7% during the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after purchasing an additional 18 shares during the last quarter. Quadcap Wealth Management LLC boosted its holdings in shares of Intuit by 1.0% in the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after buying an additional 18 shares during the last quarter. Washington Trust Bank grew its stake in shares of Intuit by 3.0% in the fourth quarter. Washington Trust Bank now owns 790 shares of the software maker’s stock valued at $523,000 after buying an additional 23 shares in the last quarter. Finally, Barr E S & Co. raised its position in Intuit by 1.5% during the fourth quarter. Barr E S & Co. now owns 1,608 shares of the software maker’s stock worth $1,065,000 after acquiring an additional 24 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s Credit Karma business remains a key growth driver, with expansion into additional financial categories and deeper TurboTax integration supporting the possibility of sustained double-digit growth. Intuit’s Credit Karma Expands Reach: Can Double-Digit Growth Last?
• Positive Sentiment: Management is prioritizing acquisitions and guiding for approximately 9%–10% growth in fiscal 2027. Its latest quarterly results also exceeded expectations, with adjusted earnings of $4.03 per share and revenue of $4.35 billion, up 13.7% year over year.
• Positive Sentiment: KeyCorp projected fiscal 2028 earnings of $26.84 per share and fourth-quarter fiscal 2028 earnings of $4.09 per share, indicating continued long-term earnings growth. Intuit analyst estimates
• Neutral Sentiment: Intuit announced an artificial-intelligence partnership with Perplexity to integrate QuickBooks and Mailchimp capabilities into Perplexity’s agentic assistant. The deal could improve product reach, but its financial impact is not yet clear. Intuit and Perplexity Team on AI Integrations
• Negative Sentiment: Several law firms announced or promoted securities class actions against Intuit and certain executives, alleging misleading disclosures about generative-AI risks, TurboTax growth and Mailchimp performance. The firms cite stock losses during class periods generally spanning 2025–2026 and are seeking lead plaintiffs by September 8. The allegations have not been proven, but the volume of notices adds reputational, legal and disclosure risk. Pomerantz class action announcement

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.